The Community Responds To STEEM-Sun Saga: “There Is A Clear Pattern Of Irresponsibility”

Lujan Odera Blockchain News published March 9, 2020 | modified March 9, 2020

Image: CyclicMint

The Community Responds To STEEM-Sun Saga: “There Is A Clear Pattern Of Irresponsibility”

The STEEM saga is once again on the airwaves after the latest explanation by Binance CEO, Changpeng “CZ” Zhao, raises more questions than answers on Twitter. The community is now actively involving in the conversations with some agreeing with the CEO while some dismiss the action as “irresponsible”.

Here are some of the comments on the never-ending STEEM; Binance and Huobi; and Justin Sun saga on “taking over the Steem blockchain”.

CZ Binance apologizes for mistakes

On Saturday evening, CZ wrote a thread of tweets on the ongoing STEEM saga asking the community to help him explain the issue sent out to him by owner and Tron Foundation, Justin Sun. He wrote,

“I was hoping not to be involved, but alas, doesn’t seem to be possible. I did approve the vote from Binance, thinking (wrongly) it was a regular upgrade/fork. For that, I apologize. Guess it is only fair that I get involved until the issue is resolved.”

In a thread of tweets that followed, CZ asked the community to help him understand the code sent by Justin’s team to lock up the users’ funds. Analysts across the crypto community offered their views on the matter giving answers some lightening the severity of the issue.

CZ Binance bashed as “irresponsible” after mistake

However, The Block researcher, Larry Cermak, bashed the Binance CEO as ‘irresponsible’ following his admitted mistake. He tweeted,

“A guy who preaches decentralization made a rash decision by himself for thousands of users. While also effectively blocking users’ ability to withdraw their coins. But he apologized so it’s all ok! This is troubling to say the least. Monumental f*ck up by Binance.”

He further urged CZ to be more careful when dealing with users funds – especially if not aware of what’s going on or risk to kill their holdings. He tweeted,

Post your comment...
Lujan Odera 388 Articles
Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.
Follow Lujan @