.justinsuntron has said he'll reverse a $56 million TUSD transfer to Binance after cz_binance threatened to take action against a potential SUI token grab from Launchpool. iamsandali reports
, which allows users to stake their crypto assets to provide funds into a liquidity pool and get rewards in return.
Sun replied to Zhao's post saying his team was not fully aware of the"intended purpose" of the funds, which he says is used to"facilitate market-making between leading TUSD exchanges, thereby enhancing liquidity and trading volume, rather than participating in any exchange promotions." "Upon realizing this error, we immediately contacted the exchange team and arranged for a full refund of the funds," Sun
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