Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Steem - Steemit Forum => Topic started by: Geey on May 21, 2020, 04:51:00 PM
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Steem’s latest hard fork has been completed but almost $6 million of STEEM due for seizure was ‘rescued’ in a mysterious transaction to Bittrex exchange.
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As part of the long-running Steem drama, the Steem (STEEM) network experienced another fork today. Particularly designed to tackle “constant attack from malicious accounts,” the new hard fork doesn’t appear to have been entirely successful.
Code named “New Steem” the hard fork 0.23 had two primary aims. The first was to reduce the power down period from 13 weeks to four weeks. The second was to seize 23.6 million in STEEM tokens from Steem accounts and stakeholders associated with the Steem blockchain’s rebel and fork, the Hive blockchain.
The latter goal has apparently failed as the seized funds were ‘rescued’ by an anonymous account on major crypto exchange Bittrex, according to a May 20 post by Andrew Hamilton, CEO of JPB Liberty and Steem stakeholder. Read More (https://cointelegraph.com/news/mystery-account-rescues-6m-of-steem-from-hard-fork-seizure?utm_source=Telegram&utm_medium=social)