Binance Takes Action Against Market Maker Amid Irregularities

In a decisive move, Binance has removed a market maker implicated in irregularities related to GoPlus Security (GPS) and MyShell (SHELL). Following an internal investigation, Binance banned the market maker, ensuring its users' protection and maintaining market integrity by forfeiting associated revenues to compensate affected users. The exchange emphasized the importance of adhering to market-making principles to prevent future disruptions. Specific compensation details will be announced by the respective projects later.