Binance powers up 32000000 Steem of user funds to vote for Justin Sun witnesses

in #steem3 years ago (edited)

This happened 3 hours ago. Binance powered up almost 32 million Steem - probably of user funds, I doubt they own that much - and set dev365 as their witness vote proxy.

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Dev365 is an account controlled by Justin Sun, that voted for 20 witnesses and changed the Steem version to 0.22.5. Apparently this unlocked the soft-locked stake of Steemit Inc (also owned by Sun), which was then also used to vote those witnesses. This is the code for the update. This is a hostile takeover and I advise anyone to stay away from exchanges that use the user funds to vote witnesses on blockchains.

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