- On May 1, 115 million TUSD was received from Justin Sun’s accounts to the Binance pool
- Zhao immediately warned his “colleague” that he would not allow him to participate in Sui Launchpool
- Sun claims funds were used without his knowledge
Today, May 1, the Whale Alert team announced the transfer of 115 million TUSD to Binance accounts. Reportedly behind the transaction costs Justin Sun. Apparently, the founder of Tron planned to take part in the Sui Launchpool.
We have already told about this event to the readers of Incrypted. As a reminder, from May 1, users can deposit BNB and TUSD tokens for SUI farming in anticipation of the mainnet launch, which will take place in two days.
Here are the supported pools:
- BNB: 32M SUI (80%);
- TUSD: 8 million SUI (20%).
If Sun wanted to take part in the event, then he simply would not leave room for retail traders. Binance CEO Changpeng Zhao promptly reacted for information:
“Our team has told Justin that we will take action if he uses these tokens to participate in the Sui Launchpool. But-but! This initiative was meant to be an airdrop for our retail customers, not for whales. Remember, blockchains are completely transparent…”
Sun did not respond directly to this incident. But on his page There is next tweet:
“After investigation, we found out that TRON DAO Venture has made transactions for a total of $40 million in the last few hours, which played a role in maintaining the price of the stablecoin. It is true that some colleagues used part of the funds to participate (in a drop?) because they did not understand the purpose of this capital. We have contacted the exchange to get the transfer back as soon as possible. We apologize for the mistake.”
Even if Zhao played populist, such a move would definitely benefit Binance. Thus, the exchange only confirmed its status as “people’s”.