Crypto community on Twitter is yet again criticizing Justin Sun, the founder of Tron Blockchain on his attempt of seizing control of the Steem Blockchain. The matter looks even worse when community alleged Binance boss for exchange’s involvement in what crypto Twitter called “Sun’s Hostile Takeover of the Steem blockchain”. 

Tron’s Hostile Takeover of Steem Blockchain

Noticeably, Sun acquired Steemit Inc two weeks ago. It’s worth noting that Sun only acquired the Steemit content sharing platform and not Steemit blockchain itself. The primary vision behind Steemit acquisition was to bring the DApps which are already built on top of Steem blockchain under Tron’s blockchain network. Accordingly, Sun at the time of confirming acquisition announced several initiatives that would bridge the gap between TRX and Steem ecosystem. 

However, following the latest article published on the steemit blog, Sun appears to have ousted the voting rights of Steem blockchain. Additionally, it seems that the attempt is apparently executed with the help of several major crypto exchanges including Binance. Moreover, these exchanges are said to be hijacked Steem’s DPOS (Delegated Proof-of-Stake Consensus” by using depositor’s tokens. This being said, major exchanges have several times fell into a criticism of centralization. 

The blog reads it as follows:

"For the next 4-6 weeks, the Steemit team will be using the voting rights to resume the order of the community while having an open channel for meeting community members and Witnesses."

Exchanges Remain a Singular Point of Centralization

It was stated that the exchanges such as Binance, Huobi, and Poloniex helped Tron take over the high voting power of the majority of Steem’s witnesses and delegated their votes to Justin Sun’s account. When news began spreading on social media networks, Binance CEO, Changpeng Zhao (CZ) via tweet described the whole scenario as “accidentally involved”. He tweeted as follows:

“Pomp ETH, Vitalik Justin, Dan pitches in. got accidentally involved in STEEM fiasco. Competitors working hard on FUD. Fake news journalists getting paid. Decentralized utopia! Still beats fiat, thanks to the hard-working people, including all names mentioned above.”

Besides, he also stated that he was made aware of the hard fork beforehand, and approved it, adding that he messaged Justin Sun and hoped to receive Sun’s response publicly soon. However, the community is bashing firing tweets at Binance and other exchanges who are reportedly involved in it. One such tweet by Twitter account, “Meeseeking” notes that it will take 3 months to unstake:

Not just CZ, the Ethereum co-founder, Vitalik Buterin also tweeted on the same regard, he called this scenario as an instance of “de facto bribe attack on coin voting”. 

He further supported his claim by breaking down the whole Steemit Fiasco as:

* Tron buys Steem 

* Steem delegates move to limit Steem co account’s voting rights

* Justin Sun was not impressed 

* And the bribe being exchanges giving hodlers convenience and taking their votes

While the Steemit-Tron saga continued, the question that exchanges remained the higher point of centralization is striking the minds of stakeholders, enthusiasts and major market contributors.