On May 1, Binance CEO Changpeng “CZ” Zhao issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD (TUSD) to Binance. The Binance executive wrote:
In response, Sun said that Tron DAO’s primary objective in depositing TrueUSD “is to facilitate market-making between leading TUSD exchanges.” Nevertheless, Sun said some team members “inadvertently used a portion of them to participate in exchange campaigns.” Upon discovery, Tron DAO immediately contacted Binance and arranged for a full refund. “We sincerely apologize for this oversight,” the blockchain personality wrote.