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RE: An Open Letter to the Community - HF22.5
Maybe they should be able to do that, maybe not. But for sure, locking up stake of their clients by converting to Steem Power (with all implications of that) IMO is a crime.
Crimes aren't generally matters of opinion, and most cryptocurrency exchanges have "locked up" their customer funds offline for safety purposes, taking several days to access them from cold wallets. This doesn't seem that different to me.
What laws do you think have been broken, in which countries?