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.
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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