Binance: It was discovered that GPS market makers were also responsible for SHELL. Due to their improper behavior, the market maker was removed from the market and its profits were compensated to users

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ODAILY
03-09
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Odaily reports that Binance has issued an announcement. In the course of investigating a market maker (hereinafter referred to as the "market maker") for GoPlus Security (GPS), Binance discovered that the same market maker was 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 misconduct of this market maker: · The market maker has been delisted and prohibited from conducting any further market-making activities on Binance. · The relevant earnings of the market maker have 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 teams).

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