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Steem Community Stands Its Ground Amid Tron Takeover

Published 03/06/2020, 08:05 AM
Updated 03/06/2020, 09:42 AM
Steem Community Stands Its Ground Amid Tron Takeover

The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms announced they were backing off.

Meanwhile, Tron CEO Justin Sun, who has recently acquired Steemit — the startup behind the major blockchain-based blogging and social networking platform — has referred to the disgruntled voters who tried to reclaim control as “hackers” who have been “successfully defeated.” However, as the latest developments show, Sun intends to withdraw all of the orchestrated votes “ASAP,” while the community has already started to restore balance.

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