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MyShell cut ties with a market maker after Binance flagged irregular trading activity involving the SHELL token. The company announced a buyback plan using liquidated stablecoins, pledged transparency, and confirmed collaboration with Binance to address concerns while maintaining operational stability. The post MyShell Terminates Market Maker Following Binance Scrutiny appeared first on Cryptonews.

On March 9, the Binance exchange blocked a marketmaker that served the GoPlus Security (GPS) and MyShell (SHELL) projects after discovering irregularities in its operations.

The crypto exchange has confiscated illicit profits from a market maker involved in misconduct with GPS and SHELL tokens.