- Justin Sun transferred $140 million in and out of Binance.
- TRX Founder claimed the cash distribution was standard business collaboration.
- Previously, Sun deployed nearly one million dollars into the ailing USDD.
The founder of the TRON blockchain, Justin Sun, has been moving huge funds across various crypto businesses. The crypto community has begun raising eyebrows at the unusual transactions.
Today, Sun transferred $100 million to the largest crypto exchange Binance. TRON’s founder moved out $45 million from Binance to stablecoin issuers Paxos and Circle. Chinese reporter, Collin Wu, claimed the $45 million was probably for cash out.
Binance CEO Changpeng Zhao commented that Sun’s recent $100 inflow was perhaps part of deploying BUSD on the Tron network (TRX) or cross-chain swaps.
This is part of deploying BUSD on TRON, I think. Cross-chain swaps. Not sure of the details. Not directly handling it myself. https://t.co/DF32yAFxpI— CZ
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