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News Explorer — Binance Takes Action Against Market Maker for 'Misconduct' With GPS and SHELL Tokens

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Mar 10, 11:20 am
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Binance Takes Action Against Market Maker for 'Misconduct' With GPS and SHELL Tokens

Crypto exchange Binance has permanently banned a market maker for "misconduct" with GPS and SHELL tokens, confiscating proceeds and planning compensation for affected holders. The market maker's actions caused a $5 million loss by not maintaining balanced buy and sell orders.

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