Binance banned market manufacturers and seized the proceeds after conducting a survey of illegal acts.
The best global encryption exchange has not disclosed the identity of the market manufacturer, but it was operated as a liquid provider of the distributed security class GPS (GOPLUS Security) and AI Consumer Project MyShell (Shell).
Binance represented the market manufacturer and confiscated the proceeds to “compensate for users for GPS and Shell.”
GPS, the default token of GoPlus Security, has plunged after last week’s Biny Nice listing. Assets have fallen more than 71% over the last seven days.
GOPLUS Security has rumored that the “GOPLUS team members or community mediators” have leaked Binance listing information in advance.
“GOPLUS immediately started an internal investigation. According to the findings, this situation is not true. This is because the GOPLUS team did not inform you of the GPS list on March 4. Everything happened quickly, and our team learned the list only when the public announcement was made. After that, we immediately worked with Binance to facilitate our additional requirements. ”
MyShell said it ended its relationship with the newly prohibited market manufacturer.
“All the Binnis accounts related to market manufacturers have been suspended, and the remaining assets will be transferred to new market manufacturers. In addition, all stablecoins sold by market manufacturers are completely used to re -purchase shells within 90 days. To ensure complete transparency, post a wallet address related to the repurchase that the community can check. We also work closely with Binance to make this process open and transparent. ”
Shell, a token of MyShell, decreased by more than 28% last week.
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Created image: Midjourney