MyShell: Terminated cooperation with illegal market makers and introduced new partners
On March 10th, MyShell released an official statement regarding the announcement from Binance and the SHELL repurchase plan: "On March 7th, we received a notification from the Binance team, pointing out that one of our market makers was involved in illegal activities. In response, we immediately terminated our cooperation with the market maker and introduced several new partners to ensure liquidity stability. All Binance accounts related to this market maker have been suspended, and their remaining assets will be transferred to our new market maker. In addition, all stablecoins sold by this market maker will be used to repurchase SHELL within 90 days. To ensure full transparency, we will disclose the wallet addresses related to the repurchase for community members to verify. Furthermore, we are closely cooperating with Binance to ensure the openness and transparency of this process."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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