Binance Enforces Strict Measures: Market Maker Linked to GoPlus Security ($GPS) and MyShell ($SHELL) Permanently Banned

Binance takes strong action against a market maker involved with GoPlus Security ($GPS) and MyShell ($SHELL), permanently banning them and seizing profits for user compensation. This move highlights Binance’s efforts to enhance transparency and fair competition. Investors worry that this could impact altcoin liquidity and volatility. The key question remains whether other exchanges will follow Binance’s lead.