Binance CEO Warns Justin Sun About $56 Million Transfer to Exchange
Binance CEO Changpeng Zhao has issued a warning to Tron founder Justin Sun over a $56 million transfer made to Binance. The transaction was believed to be in preparation for the upcoming SUI token airdrop, which Zhao called out as unfair to retail users who are intended recipients of Binance's LaunchPool airdrops. Zhao reportedly told Sun that if he used any of the funds to grab the LaunchPool Sui token, Binance would "take action against it." In response, Sun clarified that the transfer was done to keep the price of TUSD stable and increase liquidity, while some of his colleagues mistakenly used part of the funds to participate in the airdrop.