ChainCatcher news, Web3 security service provider GoPlus Security has released an announcement detailing the GPS token buyback plan that the community is concerned about. According to the announcement, GoPlus has been working closely with Binance to complete the buyback process. Since executing the buyback requires a corporate account, and GoPlus previously did not have a registered corporate account with Binance, a comprehensive KYB (Know Your Business) process needed to be completed. This process involved the legal team of the parent company applying for the necessary documents from the relevant departments, resulting in some delays. GoPlus announced that its KYB process has been approved, and the team will coordinate to retrieve the frozen funds and execute the buyback plan as soon as possible.