2023-05-01 09:37:40
The exchange Binance (Binance) launched the new coin mining project Sui today. The more BNB or TUSD you deposit, the more SUI token airdrops you can share. However, Binance discovered that Justin Sun’s team transferred more than 100 million TUSD..
(Recap:Binance Launches Sui New Coin Mining!For a limited time of two days, you can deposit BNB and TUSD to earn coins ）
(background supplement:Exclusive interview in the dynamic zone” Justin Sun: SEC is suing for trivial matters, the truth behind the listing of Pi coins, and fire must be hell ）
nowBinance Exchange has launched the new coin mining project Sui (SUI). Users can invest BNB and TUSD tokens in the Launchpool and get token rewards in the Sui mining pool. They can mine for 2 days in total. Since there is no upper limit on the BNB and TUSD that users can deposit, the amount of tokens invested in mining will be adjusted every hour, resulting in a situation where big investors eat meat and retail investors eat soup, but why did Binance CEO Changpeng Zhao shout on Twitter? Where is Justin Sun? It turns out that the amount of TUSD invested by TronDAO is too much, and retail investors may not even have soup left.
Justin Sun transferred 115 million TUSD to Binance
This (1st) followingnoon, it was detected on the chain that Justin Sun transferred 115 million TUSD in his wallet to Binance, which surprised the community that he might use this huge sum of money to participate in Sui’s new coin mining. Sun himself immediately postedsay：
As a cooperative market maker of TUSD, the main purpose of TRON DAO Venture depositing into the exchange is to level the price difference of major TUSD and increase the liquidity of pending orders and trading volume. The purpose is not to participate in activities in related exchanges. Please be aware.
But things seem to be as predicted by the community. Some of the funds transferred by Justin Sun have been invested in Binance Launchpool, which has affected Binance’s response.
In response to this incident, Binance CEO CZ posted on his personal Twitter with a stern attitude:
Our team told Justin Sun that if he uses any of the TUSD transferred to Binance to get Sui tokens mined by new coins, we will take boycott action.
The purpose of Binance Launchpool is to provide airdrops for our ordinary users, not just for a few whale users.
On the bright side, the blockchain is really transparent…
Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will “take action once morest it”. SMH.
Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.
On the bright side, blockchains are transparent… https://t.co/8Xs1oXjfVd
— CZ ???? Binance (@cz_binance) May 1, 2023
Sun Yuchen responded urgently: the team members were mistakenly saved
The matter of transferring huge sums of money to participate in new currency mining was put on the table by CZ, and Sun Yuchen also hurriedlyrespond once morethe staff made a misjudgment and accidentally deposited it into the new coin mining:
After investigation, TRON DAO Venture, a cooperative market maker of TUSD, has completed a cumulative transaction volume of 40 million US dollars in the past few hours, which has played a role in maintaining the price stability of TUSD. It is true that some colleagues used part of the funds to participate because they did not understand the purpose of the funds. We have contacted the exchange as soon as possible to refund the exchange activity funds in full. We apologize for this mistake! Hope everyone knows!
The new currency airdrop event caused controversy over whale activities, so it came to an end, and the distribution of Sui should not be disturbed, but there are still many netizens in the community, who still leave messages to criticize Sun Ge for “even retail investors want to grab money”, ” Pass it on to your subordinates.”
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