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.
作为TUSD的合作做市商，TRON DAO Venture充值进入交易所的主要目的是为了搬平各大TUSD的价差，提高流动性挂单与交易量，目的不是参加相关交易所内的活动。请周知。
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 1, 2023
Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will "take action against it". SMH.
— CZ 🔶 Binance (@cz_binance) May 1, 2023
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
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