GuShiio.com has learned that Binance announced that it had investigated the misconduct of the GoPlus Security (GPS) market maker and found that the market maker was also responsible for market making for the MyShell (SHELL) project. To protect users, Binance has removed the market maker from its shelves and prohibited it from conducting further market making activities on the platform. In addition, Binance has confiscated its related proceeds and plans to use it to compensate users of the GPS and SHELL projects.
Animoca told GuShiio.com that it did not participate in the market making of GPS and SHELL, did not know who the participating market makers were, and did not receive a reply from the project party.
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