Binance's CZ Blocks Justin Sun from Buying Tons of SUI Tokens
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Binance boss, Changpeng Zhao, said on Monday the exchange would take action against Justin Sun's attentions to buy tons of SUI tokens.

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The warning came shortly after Whale Alert tweet Sun had transferred over $56 million in the TUSD stablecoin to Binance. Zhao noted in a tweet that Binance Launchpool — which now allows staking liquidity in SUI tokens — was meant for retail users, "not just for a few whales."

Later, a spokesperson for Binance tweeted that the platform agreed with the TUSD market maker to refund farmed SUI tokens back to the TUSD pool on Binance on May 2.

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Sun immediately took to Twitter to say that "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."

The Sui blockchain is set to roll out the tokens on its mainnet on May 3.

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