Ever since the Steem blockchain split into two separate camps,there has been plenty of controversy to go around. A recent plan to prevent roughly $5m in tokens from being seized was initiated, but the effort fell short in the end.
Not a week goes by without Steem making some sort of headline.for all the wrong reasons.
The project is, for all intents and purposes, off far worse compared to a few months ago.
Things are not improving either, as can be seen from a recent peculiar “hail Mary”.
One token holder wanted to redirect $5m in tokens to a new address, preventing it from being seized.
As the funds moved to the Bittrex exchange, there was some initial hope.
Unfortunately, the exchange has decided to not return the funds to its original owner or distribute it to prevent money from being seized.
Instead, they will “adhere to the Steem hard fork rules”.
This new venture was an effort to prevent the hostile takeover of Steem as a project.
Unfortunately, it seems it was all in vain, and the $5m will potentially end up in the wrong hands.
All things considered, it seems as if this project is now truly dead in the water.
BlockDAG Flies High with 4100 Home Miners Sold! AGIX Token Unlock Causes Frenzy! Jasmycoin Witnessing…
There have been a series of success stories about cryptocurrency making new millionaires. We’ve heard…
The current bull run is still in the early stages, and the pace of inflows…
Following the negative news of criminal charges against KuCoin by the US Government, a significant…
In a month marked by significant value spikes across various altcoins in the cryptocurrency space,…
The bull market is well underway, and the frothiness around Solana and Polkadot is leading…