Odaily Planet Daily News Binance issued an announcement that in an investigation into a market maker of GoPlus Security (GPS) (hereinafter referred to as the "market maker"), Binance found that the market maker was also responsible for the market making activities of the MyShell (SHELL) project.
In order to better protect Binance users, Binance has taken the following additional measures for the improper behavior of the market maker:
· The market maker has been delisted and prohibited from conducting any further market making activities on Binance
· The relevant income of the market maker has been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project team).