MyShell released an official statement on "Binance Announcement and SHELL Buyback Plan"

ChainCatcher message, MyShell released "Official Statement on Binance Announcement and SHELL Buyback Plan":

"On March 7, we received a notification from the Binance team regarding unusual activities involving one of our market makers. In response, we immediately terminated our relationship with that market maker and introduced several new partners to ensure stable liquidity. All Binance accounts related to that market maker have been suspended, and all remaining assets will be transferred to our new market makers.

Additionally, all stablecoins sold by that market maker will be fully used for the buyback of SHELL within 90 days. To ensure complete transparency, we will publish the wallet addresses related to the buyback for community verification. Furthermore, we are working closely with Binance to make this process open and transparent."