- May 1, 115 million TUSD were transferred from Justin Sun’s accounts to the Binance pool
- Zhao immediately warned a “colleague” that he would not allow him to participate in the Sui Launchpool
- San claims that the funds were used without his knowledge
Today, May 1, the Whale Alert team reported that 115 million TUSD had been transferred to Binance accounts.
Justin Sun is reportedly behind the transaction. Apparently, the founder of Tron was planning to participate in the Sui Launchpool.
We already told Incrypted readers about this event. As a reminder, since May 1, users can deposit BNB and TUSD tokens to farm SUI ahead of the mainnet launch, which will take place in two days.
These are the supported pools:
- BNB: 32 million SUI (80%);
- TUSD: 8 million SUI (20%).
If San wanted to participate in the event, it simply would not leave room for retail traders.. Binance CEO Changpeng Zhao was quick to respond to the information:
“Our team told Justin that we will take action if he uses these tokens to participate in Sui Launchpool.
But-but-but this initiative was intended as an airdrop for our retail customers, not for whales. Remember, blockchains are completely transparent…”.
There was no direct response to this incident by San. But his page has the following “tweet:
“After investigating, we found that TRON DAO Venture has made transactions totaling $40 million in the last few hours, which has played a role in keeping the stablocoin rate up.
Is it true that some colleagues used some of the funds to participate (in the drop-off?) because they did not understand the purpose of this capital.
We contacted the exchange to return the transfer as soon as possible. We apologize for the mistake.”
Even if Zhao played a populist, the move will definitely benefit Binance. By doing so, the exchange only confirmed its status as the “people’s exchange.