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Binance CEO Warns Tron Founder Against Using Bots for LaunchPool, While Tron Clarifies TUSD Deposit Purpose and Refunds Wrongly Used Funds

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Binance CEO CZ has publicly warned Tron founder Justin Sun against using bots to grab Binance's LaunchPool Sui token. CZ emphasized that the LaunchPool is intended for retail users and not just for a few whales, and Binance's team has threatened to take action against Sun if he uses bots to grab the token.

Meanwhile, Sun clarified that TRON DAO Venture's deposit into a cryptocurrency exchange as a TUSD liquidity provider was aimed at improving liquidity and trading volume, not participating in exchange-related activities. However, some employees mistakenly used a portion of the deposited funds to participate in exchange activities. Sun quickly arranged for a full refund of the wrongly used funds and apologized for the error.

The transparency of blockchains was highlighted in both incidents. The LaunchPool is an airdrop program designed to distribute tokens to Binance's retail users, while TRON DAO Venture completed $40 million worth of trades in the past few hours, contributing to TUSD price stability.

TRON TRON $0.28
+1.17%
Binance Justin Sun TUSD
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