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DWF Alliance Co-founder Denies Providing Liquidity for GPS and SHELL

BlockBeats News, on March 9th, DWF co-founder @HtrZac (Zac Zou) posted on X platform stating that DWF Labs is not a Market Maker (MM) for GPS and SHELL.


In previous news, Binance announced the delisting of GPS and SHELL due to improper market-making behavior, and seized their related profits.

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We do not form any opinions on these issues, and only hope to objectively provide this information.
This article interviewed 16 customers, potential customers and people familiar with DWF's operating model, and analyzed 10 proposals and business contracts provided by DWF.
DWF Labs was first accused of market manipulation in September 2023, and Binance strongly denied any claims of market manipulation on its platform.
BlockBeats recently conducted an exclusive interview with DWF Labs, a well-known market maker in the cryptocurrency industry, to gain insight into the liquidity truth behind the recent community controversy.
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