Binance apologizes to the Steem community for helping Justin Sun

The Binance cryptocurrency exchange apologized to the Steem blockchain project community for the assistance providedTRON founder Justin Sun in defrosting his accounts.

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Exchange explained its participation in the vote“A misunderstanding of the details of the proposed hard fork.” She withdrew her votes after receiving details of the update. In total, Binance provided 31,730,000 STEEMs for voting, which is one tenth of the current cryptocurrency issue.

“Binance is neutral and not interested in managing at the blockchain level outside its ecosystem. We support normal updates / hard forks and will continue to do so in the future. ”– says the exchange statement.

Binance also hoped to establish an agreement between Steemit and Tron:

&#171;If they fail to do so, resulting in a risk to Steem users on Binance, we reserve the right to take appropriate action with the consent of users.&#187;.

In mid-February, social network managementSteemit announced the migration of the application from the Steem blockchain to the Tron blockchain as part of a strategic partnership. Part of the team’s assets was supposed to be transferred to Sana’s disposal. This caused concern among the validators of the Steem blockchain, and on February 22, by a majority of votes, they made changes to the protocol, blocking the tokens of the Steemit team.

In an attempt to access blockedassets, Justin Sun turned to a number of major exchanges, including Binance, Huobi and Poloniex, asking them to help unfreeze his share of the vote on the Steem blockchain. At the same time, he accused the validators of infringing on his assets.

The right votes were received, and in early MarchSteemit social network team reported soft fork elimination. As the developers said, taking control of the network, they thereby prevented “centralized management.”

The above-mentioned Poloniex blockedmore than 2 million Steem tokens, converting them to voting Steem Power tokens (SP). This led to the fact that for some time users could not access their funds, and the exchange and Sana were also accused of trying to take control of the network.

Earlier this month, it acknowledged that, to support the decision to remove the previous validators of the Steem blockchain at the request of Justin Sun, it used client assets, the Huobi Exchange did.