2023-05-03
Whale Alert reported that Justin Sun deposited $56.1 million TUSD to stake TUSD to farm SUI on Binance Launchpool.
Binance conducted TUSD/SUI staking and BNB/SUI staking between May 1st and May 2nd.
Launchpool
Details
Farming period:
2023-05-01 00.00 (UTC) to 2023-05-02 23:59 (UTC).
BNB Staking: 32,000,000
SUI (80%)
TUSD StakingL 8,000,000 SUI
(20%)
Launchpool is equal to 0.4% of total token supply.
Changpeng Zhao issued a warning that SUI Binance Launchpool is for retail users, not for a few whales. If Justin Sun wants to grab SUI tokens from the launchpool he will take action against it. Justin Sun replied that upon hearing the problem he immediately contacted Binance and arranged full refund.
