Justin Sun's Controversial Actions Shake Up Crypto Market.

1 min read
Source: Decrypt
Justin Sun's Controversial Actions Shake Up Crypto Market.
Photo: Decrypt
TL;DR Summary

Tron founder Justin Sun has apologized to Binance CEO Changpeng "CZ" Zhao after transferring $56 million to the exchange, claiming it was an "oversight" and not an attempt to hoard Sui tokens. CZ had warned Sun that Binance would "take action against it" if he used the funds to acquire Sui tokens on Launchpool. Sun shifted the responsibility for the transfer onto "team members" and claimed the DAO has arranged a full return of the funds with Binance. Sui's mainnet is slated to go live this Wednesday at 12pm UTC.

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