PANews reported on March 9 that according to an official announcement, Binance found in its investigation of a market maker (hereinafter referred to as the market maker) of GoPlus Security (GPS) that the market maker was also responsible for the market making activities of the MyShell (SHELL) project. In response to the market maker's misconduct, Binance has taken the following additional measures:

1. The market maker has been delisted and is prohibited from conducting any further market making activities on Binance

2. The relevant income of the market makers has been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project teams).