CZ questioned the motives of a 56 million TUSD deposit from Justin Sun amidst a Sui token farming pool launch that the Binance executive said was reserved for 'our retail users.'
On May 1, Binance CEO Changpeng “CZ” Zhao issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD to Binance. The Binance executive“Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.”
In response, Sun said that Tron DAO’s primary objective in depositing TrueUSD “is to facilitate market-making between leading TUSD exchanges.” Nevertheless, Sun said some team members “inadvertently used a portion of them to participate in exchange campaigns.” Upon discovery, Tron DAO immediately contacted Binance and arranged for a full refund. “We sincerely apologize for this oversight,” the blockchain personalitySui is a layer-1 blockchain created by Mysten Labs.
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