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Justin Sun forced to issue apology after disagreement with Binance CEO - Crypto Intelligence News

source-logo  cryptointelligence.co.uk 01 May 2023 14:04, UTC

Justin Sun, the founder of TRON and CEO of BitTorrent, has publicly apologized after a disagreement with Binance CEO Changpeng Zhao (CZ) over the Sui Launchpool.

Sun launched Sui Launchpool on his own platform, JUST Foundation, without notifying Binance, a move that was met with disapproval by CZ. The Binance CEO expressed his dissatisfaction with Sun’s actions on Twitter, stating that the TRON founder had used Binance’s resources without permission.

Following the incident, Sun took to social media to issue a heartfelt apology. In his statement, he acknowledged the need to communicate better and to respect the boundaries between different platforms. Sun emphasized his appreciation for Binance’s support and expressed his commitment to maintaining a strong relationship with the exchange.

The Sui Launchpool, which aims to create a decentralized finance (DeFi) ecosystem for users, had previously been promoted on Binance. The unexpected move by Sun to launch the project on his own platform without prior notice led to a temporary interruption in the collaboration between TRON and Binance.

The incident has sparked further discussions about the importance of clear communication and respecting boundaries within the fast-paced and often unpredictable world of blockchain and cryptocurrency.

cryptointelligence.co.uk