Steem Hard Fork Confiscates $6.3M, Community Immediately Takes it Back
The Steem blockchain has just split, or hard forked, controversially seizing the tokens of key community members who opposed TRON's recent acquisition of the ecosystem's biggest dapp, Steemit. At 14:00 UTC on Tuesday, Steem implemented hard fork 0.23, significantly codenamed "New Steem," shunting some of the former Steem "witnesses" – blockchain validators – and stakeholders who created a splinter group called HIVE out of the ecosystem, it seems for good.
New Steem, which was only announced on Monday, will "seize some user accounts that participated in criminal activities by actively contributing to the threat against the Steem blockchain and/or to the theft of STEEM holders' assets," said a Steemit blog post, announcing the fork. One current Steem witness known only as "Triple A," told a Korean news site that the HIVE dissenters' tokens were seized, not because its own assets had been seized, but because these select accounts had "continued to attack the Steam blockchain ecosystem."
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