Zac Zou, co-founder of DWF Labs, stated on the X platform that DWF Labs is not the market maker for SHELL and GPS. Previously, Binance announced that it discovered a market maker for GPS was also responsible for the market-making activities of the SHELL project and was removed from the market due to misconduct, with its profits compensated to users.

PANews reported on March 9 that Zac Zou, co-founder of DWF Labs, posted on the X platform: "You are asking too many questions. DWF Labs is not a market maker for SHELL and GPS."
 According to previous news, Binance issued an announcement stating that it had discovered that GPS market maker was also responsible for SHELL. Due to its improper behavior, the market maker was removed from the market and its profits were compensated to users. Binance discovered that the market maker was also responsible for the market making activities of the MyShell (SHELL) project.

DWF Labs denies involvement in market-making activities for SHELL and GPS.