MyShell releases “Official Statement on Binance Announcement and $SHELL Buyback Plan”

Odaily News MyShell released an “Official Statement on Binance Announcement and $SHELL Buyback Plan”:
“On March 7, we were notified by the Binance team about unusual activity involving one of our market makers. In response, we immediately terminated our relationship with the market maker and brought in several new partners to ensure stable liquidity. All Binance accounts associated with the market maker have been suspended, and all remaining assets will be transferred to our new market maker. In addition, all stablecoins sold by the market maker will be used to buy back $SHELL within 90 days. To ensure full transparency, we will publish the wallet addresses associated with the buyback for the community to verify. In addition, we are working closely with Binance to make this process public and transparent.”