DWF Labs Co-founder: DWF Labs is not the market maker for GPS and SHELL

ChainCatcher news, DWF Labs co-founder Zac posted on the X platform stating that DWF Labs is not the market maker (MM) for GPS and SHELL.

ChainCatcher previously reported that according to a Binance announcement, Binance found that a market maker (hereinafter referred to as "market maker") responsible for GoPlus Security (GPS) was also in charge of market-making activities for the MyShell (SHELL) project.

To better protect Binance users, Binance has taken the following additional measures against the misconduct of this market maker:

1. The market maker has been delisted and prohibited from conducting any further market-making activities on Binance;
2. The relevant earnings of the market maker have been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project teams).