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Justin Sun Transfers $56.4M TUSD to Binance, CZ Warns Whales Over Misuse of SUI Launchpool

Tron founder and crypto entrepreneur Justin Sun transferred 56.1 million True USD (TUSD) worth over $56.4 million to crypto exchange Binance on Monday morning, sparking rumors about his intention to farm the just-released Sui (SUI) tokens on the Binance LaunchPool. Shortly after Whale Alert flagged the transaction, Binance’s CEO Changpeng Zhao (CZ) revealed that the exchange’s team had warned Sun to refrain from using any part of the TUSD deposit to grab the SUI rewards on the platform. On Sunday, Binance announced that users could farm SUI, the native token of Sui Network, a delegated proof-of-stake (DPoS) layer-1 blockchain.

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