Binance Fires Warning Shots at Justin Sun

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

CZ responded that If Sun uses TUSD to join the Sui LaunchPool, action will be taken against it. Later, Sun tweeted that colleagues did use part of the funds to participate and will refund the amounts.

Sun clarified the situation by saying:

Regrettably, some of our team members were not fully aware of the intended purpose for these funds and inadvertently 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 of the funds.”

This is a developing story.


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