Justin Sun Colludes With Binance to Destroy Steem Governance | Steemleo Show #17

▶️ Watch on 3Speak

Today I woke up to some saddening news. Something that I could have never anticipated.

Justin Sun has taken control of the top 20 witness spots on the Steem Blockchain. He now controls all of the top 20 delegated proof of stake block produces. Meaning that he can do anything he wants to the Steem Blockchain and there’s not a damn thing we can do to stop him.

Listen & Subscribe to the Steemleo Podcast!

This is the exact reason why the soft fork was put into place — to keep this shithead from doing something like this and taking over OUR blockchain. OUR community’s home.

How did he do it though? I was so confused… that is, until I saw the transaction data.

He did it by paying Binance and Huobi something on the order of half a million USD+ in bribes to STAKE ALL OF THE STEEM held on their custodial exchanges and use it to proxy vote Justin Sun’s witness voting account.

We can’t fully confirm that these were bribes, but millions of STEEM being sent to the exchange accounts from Steemit, Inc. accounts minutes after the proxies are set?? If it looks like a bribe and smells like a bribe….

In this video, I am a bit heated. This is a passionate subject for me.

Steem is not dead. Far from it. We are not the Steem Blockchain. We are a community of Steemians. We can live and thrive anywhere, regardless of what our banner is called.

I believe that this situation will still work itself out. We are a resilient bunch. I, for one, will never stand alongside people like Justin Sun after seeing his true colors.

He’s as bad or even worse than Ned. Sun is a liar, a thief and anti-decentralization and crypto itself. I wouldn’t invest in anything he touches. Ever.

In fact, I hope legal action formulates around this. I hope some government body takes note of this collusion between Sun and top crypto exchanges to take over the Steem blockchain’s governance model. This should not be allowed to be swept under the rug.

Famous people in crypto and reporters are now taking note of what’s happening. I encourage you, as a Steemian, to take to Twitter and social media and voice your opinions and outrage. Show the crypto community that Steemians will not stand for this kind of bullshit intimidation and corrupt governance.

Links Mentioned:

  1. Steemleo Tweet Thread with live updates on breaking news: https://twitter.com/steemleo/status/1234511916611112967
  2. User Funds being locked from withdrawal on Binance https://twitter.com/FeruzM/status/1234552656783343616
  3. Transactions indicating possible bribes to exchanges like Binance and Huobi https://steemd.com/@misterdelegation
  4. https://steemd.com/@deepcrypto8
  5. Proxy voting account held by Justin Sun https://steemd.com/@dev365
  6. Current Top 20 witnesses — all controlled by Sun https://twitter.com/steemleo/status/1234512765550841858/photo/1
  7. Steemit’s Bullshit Letter explaining their collusion and corrupt activities https://steemleo.com/tron/@steemitblog/an-open-letter-to-the-community-hf22-5

Our Community

https://steemleo.com is an online community for crypto & financial content creators, powered by Steem and the LEO token economy.

▶️ 3Speak

Comments 18

According to the Bible, The Crucifixion of Jesus: Is it on the stake or on the cross?

Watch the Video below to know the Answer...

(Sorry for sending this comment. We are not looking for our self profit, our intentions is to preach the words of God in any means possible.)

Comment what you understand of our Youtube Video to receive our full votes. We have 30,000 #SteemPower. It's our little way to Thank you, our beloved friend.

Check our Discord Chat
Join our Official Community: https://steemit.com/created/hive-182074

02.03.2020 22:07

Is it possible all is steemians could get together and pool our witness votes on one or two witnesses and at least get one or two back into the top 20?

02.03.2020 22:38

Stop. Just... stop. lol.

02.03.2020 22:44

Great content on a day full of uncertainty and doubt.


02.03.2020 22:55

I agree thanks for the reminder about resteeming :).

03.03.2020 13:14


I listened to your video. I've got to tell you, the irony almost made me laugh. "Projection" is a psychological term used to describe the phenomenon of accusing someone else of what you yourself are doing.

Who started this war? The Top 20 Witnesses did. They froze @justinsunsteemit's entire stake preventing him from voting for witnesses or even liquidating his holdings so as to exit the blockchain.

"Well, we only temporarily froze his stake so we could have a conversation with him about his intentions."

You mean you tied him to a chair, put a gun to his head and said, "Let's talk ransom."

The day after the Soft Fork, I left a few detailed comments on "Justification Posts," explaining why (I was a hedge fund manager for 20 years and hence have a pretty good understanding of financial and securities law) the Top 20's actions amounted to "extortion." And I predicted Sun would seek, and receive, a legal injunction.

It seems he found an alternative.

"He's doing to us what we did to him. The outrage!"

Prior to my time managing hedge funds, I was a soldier. Let me impart a pearl of wisdom I learned from that experience:


If you slap my face, I'll punch yours. If I punch yours, you'll pick up a club. In response to your club, I'll reach for my sword. Etcetera, etcetera. The point is to think twice about that first slap.

I'll repeat what I've said a thousand times: STEEM/Steemit's Achilles Heel is that it is (was) run by a bunch of Millennials who know nothing about anything excepting coding.

And while we're on the subject of expressing outrage about "fiduciary responsibility to the community," you might wish to consider how many Top 20 Witnesses owned and operated bidbots, for years ... and despite the vocal outrage of an army of Minnows.


02.03.2020 23:09

Obviously not on the scale of what is going on regarding Steemit and Steem, but suppose an individual purchased, originating with fiat, miners from a Tribe on this blockchain with the expectation that the purchaser would earn rewards from those miners. Now suppose those rewards were showing up daily, but could not be claimed because that purchaser was "muted" without notice, explanation or any communication. Suppose that purchaser request for explanation continued to be ignored. There was no disclosure stating that if you invest in our miners we may arbitrarily and without notice deny you claiming the rewards earned with no reasonable explanation or appeal. Seems that is crossing an ehtical if not legal line as well.

Posted via Steemleo

03.03.2020 00:25

I'm not commenting to agree or disagree with you because it doesn't matter what I think but thanks for sharing your point of view. My first thought was - (about time) I wanted to read different points of view and it seems most people are cared to speak there voice here on steemit because of obvious reasons so thanks for sharing.

03.03.2020 05:57

the Achilles heel of steem is the Delegate POS... if you didn't get it before, now you will...

03.03.2020 13:15

It a sad and nice video by the way. At this point the hard fork is inevitable!

03.03.2020 00:16

wait and see :).

03.03.2020 13:16

I Think I Am Going to Be Sick...😱😡😵😰

03.03.2020 03:22

Certainly, all will be well.

Posted via Steemleo

03.03.2020 05:54

@khaleelkazi the moment i heard justin sun was taking over steem blockchain,i knew that he will kind of destroy the steem governance that was formerly in existence...

Posted via Steemleo

03.03.2020 08:01

if there is a way to destroy it, they will... check www.bitmessage.org pure p2p censorship resistant protocol for example... the delegates in the DPOS were always going to be the entry point.

03.03.2020 13:13

can't say that I am surprised by his reaction to the latest move

03.03.2020 08:03

Can't say that I am
Surprised by his reaction
To the latest move

                 - doitvoluntarily

I'm a bot. I detect haiku.

03.03.2020 08:03

We never saw this coming?

Why is the blockchain considered so untouchable and perfect and immutable, when all it takes is somebody with money to buy it up and destroy it?

The whole "Steemit.com isn't the Steem blockchain or the STEEM currency" mantra was bullshit all along.

Posted via Steemleo

04.03.2020 01:14