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TL;DR
56,100,000 TUSD ($56,444,000 USD) was transferred early Monday morning from Justin Solar to Binance.
LaunchPool permits customers to stake their TUSD or BNB to offer funds right into a liquidity pool and get rewards in return.
To paraphrase CZ: “LaunchPool is designed for the mother and pop buyers to help initiatives and be rewarded for doing so.”
Solar responded to CZ, apologized, and the cash has now been transferred again to the Tron DAO.
Full Story
TRON founder, Justin Solar, is within the information…once more.
In case you missed it, in mid-April we wrote about how Solar had been charged with fraud and different securities violations by the SEC.
It is all solely alleged in the intervening time so let’s not be too arduous on him proper now – however this new little mishap, whereas not ‘unlawful,’ is simply sort of embarrassing.
So here is the inside track:
56,100,000 TUSD ($56,444,000 USD) was transferred early Monday morning from Justin Solar to Binance.
It was picked up by the Whale Alert automated Twitter bot.
Why would somebody wish to switch cash into TUSD on Binance?
Nicely it simply so occurs that Binance has a brand new layer-1 blockchain referred to as Sui, which is offered to be farmed on ‘Binance LaunchPool’ proper now.
LaunchPool permits customers to stake their TUSD or BNB and get rewards in return.
With Sui’s mainnet deliberate to go stay this Wednesday, out of the blue the massive switch into TUSD on Binance begins to look a bit suspicious…
And that is precisely what was referred to as out by Binance CEO, CZ.
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