{"id":152724,"date":"2025-03-09T15:00:17","date_gmt":"2025-03-09T13:00:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152724"},"modified":"2025-03-09T13:38:21","modified_gmt":"2025-03-09T11:38:21","slug":"binance-to-compensate-investors-for-losses-in-two-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-to-compensate-investors-for-losses-in-two-cryptocurrencies\/","title":{"rendered":"Binance to Compensate Investors for Losses in Two Cryptocurrencies"},"content":{"rendered":"<p>After an internal investigation, the exchange found that the same person was responsible for the market making operations for the two tokens &#8211; GoPlus Security (GPS) and MyShell (SHELL).<\/p>\n<p>To protect users and maintain transparency, Binance has implemented strict measures. As a result, Binance <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/4a5fa79a6c174db29c43122db732af1e\"><strong>shut down<\/strong><\/a> the market maker from its platform and permanently banned it from further trading activities to maintain the integrity of the market.<\/p>\n<p>In addition, all revenue generated by the entity&#8217;s activities was confiscated, with these funds earmarked to compensate users affected by the irregularities. The specific details of the compensation will be announced by the respective projects at a later date.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/white-house-dismisses-gold-for-bitcoin-rumors-eyes-budget-neutral-expansion\/\" title=\"White House Dismisses Gold-for-Bitcoin Rumors, Eyes Budget-Neutral Expansion\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-gold-3-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">White House Dismisses Gold-for-Bitcoin Rumors, Eyes Budget-Neutral Expansion<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Binance has reaffirmed its commitment to maintaining fair and efficient marketplaces by emphasizing key principles for their creation. These include submitting buy and sell orders to ensure balanced activity, maintaining adequate order sizes within market depth levels and maintaining a stable spread to maintain liquidity.<\/p>\n<p>The Exchange also cautioned against high-frequency order submissions and cancellations, which could lead to market disruptions. By taking swift action, Binance reinforces its dedication to protecting consumers and ensuring a fair trading environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has taken decisive action against a market maker involved in irregular trading activities related to two cryptocurrencies.<\/p>\n","protected":false},"author":3,"featured_media":36483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-152724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance to Compensate Investors for Losses in Two Cryptocurrencies<\/title>\n<meta name=\"description\" content=\"Binance has taken decisive 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