TechFlow news — On March 21, Web3 security service provider GoPlus Security issued an announcement providing detailed clarification regarding the GPS token buyback program, addressing community concerns.
According to the announcement, GoPlus has been working closely with Binance to complete the buyback process. As a corporate account is required for executing the buyback, and GoPlus previously did not have a registered corporate account on Binance, the company needed to undergo a full KYB (Know Your Business) verification process. This involved the parent company's legal team applying for necessary documents from relevant authorities, resulting in certain delays.
GoPlus announced that its KYB process has now been approved, and the team will coordinate to retrieve the frozen funds as soon as possible and proceed with the buyback program.
