There's a big loss of trust in Steemit after the hostile takeover and theft of the top 20 accounts and their Steem Power by Justin Sun.
Over $5 million worth of stolen Steem was sent to a new account @community321 which was created 12 days ago. A few hours ago, it looks like hackers have taken over that account and posted an iconic image of Robin Hood.
Go read here.
Justin Sun, the wealthy CEO of the TRON Foundation, has called the cops on those responsible for splitting from his newly-bought blockchain-based social network, Steem.
In March, those unhappy with his rule forked the Steem blockchain to form a new one, Hive. Sun has now retaliated and used his immense power on the network to vote in favor of a hard fork that takes around $5 million worth of funds out of the defectors’ wallets. It takes place today.
He’s also called up the law:
“We are working w/ law enforcement & will take actions to get our funds back! We have lots of sympathy for all Steem witnesses who has suffered the same at the hands of the Hive witnesses,” he wrote today.
Jameson Lopp notes
Witness the rise of crypto anarchy! The most impressive part of this story is not the Proof of Stake power play by Sun. It's that those who dissented exited the network they considered compromised and created one that was EVEN MORE VALUABLE.
HILARIOUSLY good karma.
Sun is such a narcissist he probably didn't even consult a lawyer before involving police - if he did. He's far more stupid than he looks if he did, because he blatantly took those funds from users of Steem, not his personal blockchain service, just like so many white collar criminals embezzling funds have done before when working for a company made it possible. Calling the cops because your criminal proceeds have been stolen has precedents, but not many, and none I can recall off the top of my head. He'd certainly make that Stupidest Criminals TV show roster for it.
He's literally insane if he did call the cops. He's got to be insane anyway, to think he can just take money out of accounts that aren't his. He's not a f'ing bank, and those people didn't deposit those funds with him. Given his statement that he personally wasn't involved in the fork his sockpuppets undertook, what reason can he put forward to have basis for complaint without invalidating that statement?
He must have investments in a law firm, that's going to make so much money off of his troubles that the investment will pay off.
Personally, I suspect the CCP may sadly discover he has committed suicide by shooting himself twice in the back of the head with a single shot shotgun. He's not producing very good PR, didn't manage to censor the Steem community as they must have wanted, and is in fact enabling Hive to really benefit from all his frauds.
I imagine Xi Jinping on the phone to HRC, asking for advice.
Given the disastrous PR, she might even recommend a triple tap.