Binance Bans Market Maker for GPS and SHELL After Trading Irregularities

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🤯💸 Market Maker Mayhem: Binance Cracks Down!

Binance Bans Market Maker for <a href="https://minority-mindset.com/gps-usd/">GPS</a> and <a href="https://minority-mindset.com/shell-usd/">SHELL</a> After Trading Irregularities

And so, another day, another dollar, another market maker’s dreams shattered like a dropped ice cream cone on the sidewalk of Moscow. Binance, the great and powerful crypto exchange, has released a report that reads like a Tolstoy novel: “All men are created equal, but some are more equal than others… and those who engage in irregular trading activities are not among the equals.” 🤣

The Plot Thickens

It seems that a market maker, a mysterious figure shrouded in secrecy, had been engaging in some rather dubious activities on the Binance platform. They were making markets for GoPlus Security (GPS) and MyShell (SHELL), two projects that, like the elusive White Rabbit, were always disappearing down the rabbit hole of uncertainty. 🐰

But fear not, dear users, for Binance has taken swift action against this wayward market maker. They have offboarded the scoundrel and barred them from making markets on the platform, a punishment fitting for their crimes. And, as an added bonus, they’ve confiscated the market maker’s proceeds, which will be used to compensate the good people who were affected by their shenanigans. 💸

The Rules, Oh the Rules

Binance has made it clear that they will not tolerate any nonsense from their market makers. They must follow the rules, like a good little soldier, and uphold adequate order volumes, maintain consistent bid-ask spreads, and refrain from manipulative practices like high-frequency trading. And if they break these rules, well, let’s just say they’ll be singing a different tune… a tune of regret and sorrow, like the sad, sad song of the market maker who got caught. 🎶

The Deniers

But not everyone is happy about Binance’s actions. Some leading names in the digital asset industry have come forward to deny any connection to the market manipulation scandal. Animoca Brands, a Hong Kong-based game software company, has declared, “We are not involved in market making activities for GoPlus Security ($GPS) and/or MyShell ($SHELL).” And GSR, a prominent crypto market maker, has also denied any involvement, saying, “We are not the market maker referenced in Binance’s statement regarding GoPlusSecurity… we are committed to upholding the highest standards of integrity and transparency with our clients.” 🙅‍♂️

But, of course, we all know the truth. The truth that only the White Rabbit knows, and he’s not telling. 🐰🤐

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2025-03-10 22:54