Markets

Binance fires warning shots at Justin Sun

Binance CEO Changpeng “CZ” Zhao fired a warning shot at Justin Sun after he appeared to transfer 59 million TUSD to Binance today.

CZ responded that if Sun used TUSD to join the Sui LaunchPool, action would be taken against it. Later, Sun tweeted that the colleagues used part of the funds to participate and would make a refund.

Sun explained the situation by saying:

Unfortunately, some members of our team were not fully aware of the intended purpose of these funds and unintentionally used a portion of them to participate in exchange campaigns. Upon realizing this error, we immediately contacted the exchange team and arranged for a full refund.”

This is a developing story.

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