Binance: Take down market makers involved in improper behavior in GPS and SHELL, and confiscate their related profits

律动BlockBeats|Mar 09, 2025 10:04
BlockBeats news, on March 9th, according to Binance's announcement, Binance found in its investigation of a market maker (hereinafter referred to as the "market maker") of GoPlus Security (GPS) that the market maker is also responsible for market making activities for the MyShell (SHELL) project.
In order to better protect Binance users, Binance has taken the following additional measures against the improper behavior of the market maker:
1. The market maker has been taken down and prohibited from conducting any further market making activities on Binance
2. The relevant profits of the market maker have been confiscated and will be used to compensate users of GPS and SHELL projects (detailed compensation plans will be determined and announced by the relevant project teams).
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