Today, Tron issued a statement saying they would use Steemit Inc’s holdings to vote. Not only that, the holdings would be used to actively thwart the softfork meant to limit Tron’s power, claiming that the reversible update was “maliciously structured” and may be deemed “illegal and criminal.”
To execute the takeover, it appears that Justin Sun convinced major exchanges, including Binance, Huobi, and Tron-owned Poloniex to stake Steem held in their custody to vote to remove existing witnesses.
Full Article and Source here...
https://cryptobriefing.com/tron-executes-hostile-takeover-steem-exchanges-collude/
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