"Several users of the Steemit (STEEM) blockchain application are going to lose 23.6 million STEEM, worth $5 million, in an upcoming hardfork scheduled for May 20.
In December 2019, Tron CEO Justin Sun bought the Steemit blogging platform, and in February 2020, he controversially took over the Steem blockchain platform itself. The upgrade will penalize those who opposed his hostile takeover.
Steem is a blockchain, while Steemit is a blogging application that runs on top. Sun bought the application but also used a large supply of Steem coins and the power of other exchanges to take over the blockchain platform too. When this happened, Steem’s diehard community built their own blockchain to escape to, called Hive.
According to current Steemit witness group Triple A, as reported in Joindy, the May 20 hardfork 0.23 will seize those accounts which it deems to pose a “direct threat” to the Steem blockchain."
https://decrypt.co/29416/steem-network-to-seize-5-million-from-its-own-users
In December 2019, Tron CEO Justin Sun bought the Steemit blogging platform, and in February 2020, he controversially took over the Steem blockchain platform itself. The upgrade will penalize those who opposed his hostile takeover.
Steem is a blockchain, while Steemit is a blogging application that runs on top. Sun bought the application but also used a large supply of Steem coins and the power of other exchanges to take over the blockchain platform too. When this happened, Steem’s diehard community built their own blockchain to escape to, called Hive.
According to current Steemit witness group Triple A, as reported in Joindy, the May 20 hardfork 0.23 will seize those accounts which it deems to pose a “direct threat” to the Steem blockchain."
https://decrypt.co/29416/steem-network-to-seize-5-million-from-its-own-users