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Binance Strikes Back: Removes Market Maker and Compensates GPS Users

  • Binance took action against a market maker involved in GPS and SHELL projects.
  • The market maker engaged in questionable trading practices, leading to a significant price drop in GPS tokens.
  • Binance removed the market maker, confiscated their proceeds, and will compensate affected users.
  • Binance placed GoPlus Security under monitoring and imposed a risk quiz requirement for GPS traders.

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