Binance’s CEO Approved The Soft Fork For TRON’s Funds

Following the latest breaking TRX news, Binance’s CEO Changpeng Zhao revealed that he initially approved the ‘soft fork’ that reportedly returned control over the TRON funds to Justin Sun and the entire foundation. In our Tron news today, we read more about the Steem drama.

Binance and other exchanges such as Huobi later dropped their support for the TRONN CEO after the discontent from the Steem community. Binance’s CEO spoke more about the conflicts and developments between the CEO of TRON and the Steem community since Sun was heavily criticized by the entire crypto community as we reported in the previous trx news, and many even called a hostile attack on the Steem blockchain.

Sun announced the purchase of the Steem platform on February 14 which was part of the surprise that the TRON CEO promised to the users of the platform. The purchase was meant to strengthen both of the blockchain platforms and to create an improved experience for the users. However as our team in the Tron news found out, some of the users expressed many concerns about the changes that will come with the purchase of the platform.

Following the fresh TRX news, after the acquisition, some of the Steemit users started to warn that the TRON CEO will disrespect the agreements which he made within the community.
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Some even claimed that Sun spoke as if the blockchain pas a part of the initial deal which according to the users, Steem is a decentralized blockchain that cannot be purchased by one entity. The CEO of Tron however, made an announcement that started an avalanche of events since he claimed that Steem’s brands would be moved to the Tron platform.

By purchasing Steem, Sun got 64 million from STEEM’s founder funds and the governance model of the platform allows the users to vote with their tokens and have more control over the network as we previously explained in the TRX news. Binance, Poloniex and Huobi were contracted by TRON to take their funds and to vote to unlock Sun’s funds. Binance’s CEO however was not aware of the details:

 ‘’ STEEM thread. I was hoping not to be involved, but alas, doesn’t seem to be possible. I did approve the vote from Binance, thinking (wrongly) it was a regular upgrade/fork. For that, I apologize. Guess it is only fair that I get involved until the issue is resolved.’’