Direct from the desk of Dane Williams.
Justin Sun STEEM Theft
For those of you following the Justin Sun STEEM saga, you'd have no doubt seen that the funds he was trying to steal were instantly stolen back and sent to Bittrex exchange.
Bittrex have been a great supporter of the HIVE community and were seen an a fair, neutral party that would do the right thing by not supporting the straight up theft by Justin Sun who now has total control over the STEEM network.
Frustratingly, Bittrex have hinted that they don't want to be involved and are simply going to send the coins back to Justin Sun, but we'll have to see how it all plays out.
Bittrex Dragged Deeper Into the Saga
I've made the full transition from STEEM to HIVE, but that 13 week power-down is a slow grind.
Even slower when every week there's some new type of censorship or straight up theft going on with the platform (it's not a blockchain anymore, STEEM is a centralised platform).
Most of us are in crypto to remain in control of our financial freedom but post Justin Sun, we can see that our assets are no longer safe in a STEEM wallet.
Once the price of HIVE completely disconnected from STEEM, I had been using Bittrex to get my money completely out and into BTC.
But with Bittrex now being dragged into what will no doubt become a legal trap, they've flicked their STEEM wallet to currency maintenance.
"Maintenance", my arse.
STEEM Wallet Currency Maintenance
This is where things really grind my gears.
When it comes to dealing with a centralised company such as an exchange, nothing is honest or in the best interests of the people.
The Bittrex STEEM wallet is not undergoing maintenance.
It's been turned off to protect them from the US legal system and Justin Sun, who will both no doubt be turning their attention to what is happening with those stolen funds.
If you read Bittrex's embarrassingly poor response about 'respecting the sanctity of blockchain consensus', you'll soon realise that nobody is going to do the right thing by you, except yourself.
At least be honest about it.
Don't say that the wallet is under maintenance, just be honest with the people that pay the fees required to use your exchange.
Best of probabilities to you,
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