Ethereum

Steem to Freeze Another $5M in Tokens Associated With Hive Supporters

The controversy surrounding Justin Sun’s dealing with of the Steem (STEEM) community continues to develop, with Steem transferring to freeze one other $5 million in tokens held by dissident Steemit witnesses and stakeholders.

Network validators — referred to as ‘witnesses’ — related to Sun have sanctioned the transfer to freeze 23.6 million in STEEM tokens, accusing the account holders of posing an existential risk to the Steem community.

However, critics declare the onerous fork vindictively punishes customers who opposed the Tron founder’s takeover and supported the Hive onerous fork in March — a group led-fork that froze the founder’s reward Sun acquired alongside Steemit, excluding him from the brand new community.

The onerous fork follows a gentle fork that froze 17.6 million STEEM held by former witnesses final month.

Steem strikes to freeze $5m in person funds

The code for the scheduled fork consists of the names of 64 customers whose accounts and funds will probably be frozen with the approaching improve.

In an interview with Joind, present Steem witness Triple A accused the account holders focused by the fork of “spreading fake news,” “writing offensive and pointless spam comments,” and “publicly attacking customers, accumulating private data, and threatening homicide.”

But Twitter person and soon-to-be-sanctioned Steem person ‘pharesim2’ asserted that the witnesses “accuse all of us of criminal activity, without presenting any proof.” He added: “My stake is currently worth >80,000€. I bought 500,000 last year.” 

‘They Call Me Dan’ additionally tweeted that the improve will seize $600,000 of his funds.

Affected customers mount pending class-action swimsuit

In response to the fork, focused customers are asking the crypto group to ahead a letter to exchanges urging them to not implement Steem’s proposed onerous fork, threatening civil legal responsibility ought to they help the fork.

In response to the controversy, Ethereum (ETH) founder, Vitalik Buterin tweeted: “Shouldn’t every Steem user just be moving to hive at this point?”

Justin Sun responded to Beterin’s tweet with “Shouldn’t every #Ethereum user just be moving to #TRON at this point?”

Speaking at Virtual Blockchain Week in the beginning of the month, Sun criticized Hive for transferring to freeze his funds, accusing the undertaking of theft.

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