Yep @themarkymark, it is not possible they didn't have any idea what they were doing. As someone at Binance knew exactly what they were doing. CZ himself? Hard to imagine a decision of this magnitude wouldn't have to be made "at the top!"
The big question to me is what arrangement was made "behind the curtain?" We can "see" 2.8 M STEEM was sent. For "services rendered?" And how long was Binance promised it would take for Sun to reverse their power-up of millions of STEEM?
Whatever the answer, seems currently there is a "stalemate" with the @proxy.token account supporting a few of the Witnesses of "each side" ensuring that no changes can be made. Is that right? What is your perspective?