MyShell： Terminated cooperation with non compliant market makers and introduced new partners, planning to conduct SHELL repurchase

According to Foresight News, MyShell has released an official statement regarding the Binance announcement and SHELL repurchase plan, stating that it received a notification from the Binance team on March 7th regarding abnormal activity involving its market makers. In response, MyShell immediately terminated its relationship with the market maker and introduced several new partners to ensure stable liquidity. All Binance accounts related to the market maker have been suspended, and all remaining assets will be transferred to the new market maker. In addition, all stablecoins sold by the market maker will be used to repurchase SHELL within 90 days. To ensure complete transparency, the official will release wallet addresses related to repurchases for community verification.