Crypto analyst links GPS and SHELL market maker to Chinese firm Whisper

Crypto analyst AB Kuai.Dong (@_FORAB) revealed on X that the market maker for GoPlus (GPS), recently flagged by Binance, is linked to the Chinese firm Whisper. The claim, widely circulated on social media, was reposted by Binance co-founder Changpeng Zhao (CZ) and has gained traction within the community. According to whistleblower AB Kuai.Dong, May Liu, co-founder of the crypto venture capital firm Spark Digital Capital, is central to the market maker scandal involving GPS and MyShell (SHELL). As competition among VCs intensified, Liu established the incubator Web3Port to provide early-stage projects with consulting, branding and VC connections in exchange for 1-3% of their token supplies. She later launched Whisper as a market maker, using it to offload these tokens — effectively a closed-loop pipeline from project incubation to token liquidation. This structure— spanning Spark Digital Capital, Web3Port and Whisper — has reportedly streamlined a process to fast-track projects to Binance listings for years. The whistleblower emphasized that there is no evidence of Binance insiders or bribery being involved, noting that Binance's internal investigation brought the scheme to light. Binance previously announced on its official website that it had suspended the GPS and SHELL market maker’s accounts and confiscated its proceeds, which will be used to compensate affected users.