Odaily News Binance issued an announcement that during the investigation of a market maker of GoPlus Security (GPS) (hereinafter referred to as the "market maker"), we found that the market maker was also responsible for the market making activities of the MyShell (SHELL) project.
To better protect Binance users, we have taken the following additional measures in response to the market maker’s misconduct:
The market maker has been delisted and is 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 teams).