Odaily News According to Binance's investigation, the market maker sold a total of about 70 million GPS between 13:00 (UTC) on March 4, 2025 and 9:55 (UTC) on March 5, 2025, without placing any buy orders. After spot trading was opened, the market maker continued to sell GPS and became the largest beneficiary, earning about $5 million.
Binance has launched an in-depth investigation into the incident and temporarily frozen the relevant market maker accounts.
As previously reported by Odaily, Binance will expand monitoring tags to GPS.