Golden Finance reported that Web3 security service provider GoPlus Security issued an announcement, giving detailed explanations on the GPS token repurchase plan that the community is concerned about. According to the announcement, GoPlus has been working closely with Binance to complete the repo process. Since performing a repo requires a corporate account, and GoPlus did not previously register a corporate account with Binance, it is necessary to complete a comprehensive KYB (Know Your Business) process. This process involves the parent company's legal team applying for necessary documents to the relevant departments, resulting in a certain delay. GoPlus announced that its KYB process has been approved and the team will coordinate the retrieval of frozen funds as soon as possible and execute the repo plan.