The issue of the Steem project continues to preoccupy public opinion in the crypto community.

Mr. Changpeng Zhao, CEO of Binance, recently spoke about the developments in the conflict between the CEO of Tron and the Steem community.

Justin Sun, CEO of Tron, has previously been heavily criticized by the crypto community for what many have described as a hostile attack on the integrity of the Steem blockchain.

On February 14, Justin Sun announced the purchase of the Steemit content platform.

The Largest Decentralized Social Media Platform Joins the Tron Network (TRX)

The announcement was part of a surprise that the CEO of Tron promised to users of the platform.

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Originally, the goal of the acquisition was to boost the blockchain and offer a better experience for Steemit users.

But right from the start, Steemit users were concerned about the changes that the acquisition of the Steem platform would bring.

Attack or justified operation by the CEO of Tron?

After acquiring the platform, some Steemit users started warning that the CEO of Tron would not honor the agreements made with the community.

Additionally, users have claimed that Gatson Sun and through its ads appear to have bought Steem as well, speaking as if the acquired platform’s blockchain was part of the deal.

According to users, the Steem blockchain is a decentralized blockchain that cannot be sold or bought by a single entity.

Then the CEO of Tron released an announcement that angered the crypto audience, revealing the transition of governance from Steem users to the Tron platform.

Steem users took Sun’s ad very seriously and expected what they call a “malicious attack” on the blockchain.

Therefore, they decided to implement a blockchain update to counter what Sun would like to do.

For the founder of “Tron” to intervene and prevent the influence of the blockchain by exploiting the funds of the founders of Steemit, through which it was agreed that the future of Steem would not be affected.

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At the time, Sun took countermeasures and claimed that “hackers” were trying to take his money.

The Tron team contacted cryptocurrency exchanges that had a large number of STEEM coins belonging to the platform users.

Binance, Huobi and Poloniex were contacted to take their clients’ STEEM coins and exercise their vote to unlock Sun’s funds.

According to Changpeng Zhao, CEO of Binance, he wasn’t aware of all the details and thought he would have voted for a “regular update.”

STEEM theme. I was hoping not to get involved, but unfortunately, that doesn’t seem possible. I agreed to vote from Binance, I (wrongly) thought it was a regular upgrade/fork. So I apologize. I think it is only fair that I participate until the issue is resolved.

– CZ Binance 🔶🔶🔶 (cz_binance) March 7, 2020

The CEO of Binance defended himself, saying that the platform handles so many crypto projects that it is impossible for him to be aware of all of them.

The crypto community criticized him for accepting to participate in voting without having all the information.

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Meanwhile, Justin Sun justified his action, stating that a scheduled blockchain update from the STEEM community was intended to destroy his money.

It should be noted that Binance and Huobi have withdrawn from supporting Sun.

Meanwhile, Steem users continue to claim that their decision is justified and that they are under malicious attack by Tron.

The potential for a split increases due to tensions between the CEO of Tron and the Steem community.

This is actually very dangerous. Was the entire community tricked into voting for Soft Fork, which was actually a Hard Fork?

– Mike McCarthy (@MikeNerdUK) March 7, 2020

Despite this, some reports have emerged indicating that the two sides are holding talks to calm the situation and agree on a course of action.

It remains to be seen what are the future steps for steem users and whether they will accept the Tron Foundation’s approach.

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