Changpeng Zhao (CZ), the founder and CEO of the crypto exchange Binance, warned TRON founder Justin Sun with a harsh language in his statement on Twitter.
CZ spoke after Justin Sun transferred $56.4 million worth of TUSD stablecoin to Binance.
Binance CEO Warns Justin Sun Not To Trade Sui Staking In His Statement
It was alleged that Justin Sun would stake these TUSD tokens to get a large share of the upcoming Sui Launchpool.
In his statement, Binance CEO told Justin Sun that if the company uses these TUSD tokens in his Sui Launchpool, they will “take action against it”.
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.
On the bright side, blockchains are transparent… https://t.co/8Xs1oXjfVd
— CZ 🔶 Binance (@cz_binance) May 1, 2023
CZ said that the altcoin Launchpool was not created for a few whales, but is made available to individual customers of the platform.
In addition, CZ stated that blockchain networks are transparent structures, signaling that if Justin Sun joins Sui Launchpool, they will definitely notice this.
As it is known, Binance announced in its announcement yesterday that the new altcoin Sui will be distributed to its users with a kind of staking system, and said that this staking transaction will also be given to users who stake TUSD and BNB.
*Not investment advice.
