Huobi Admits Helping TRON to Displace Previous Steem Validators
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Chinese cryptocurrency exchange Huobi has issued a statement in which clarified the situation regarding the recent takeover of the Steem blockchain network.

The exchange says it stakes users' holdings "to block malicious activities" and possible attacks on blockchain networks. Huobi also highlighted Steemit and TRON had reached out to seek its support to resist a possible attack.

"We were informed that the Steem network was at immediate risk of an attack, an issue that directly impacts our usersโ€™ assets," the exchange clarified.

However, according to the announcement, Huobi will continue using users' funds "to return voting rights back to the community so they can make the final decision on what the network needs."

Meanwhile, Steem's community members suspect that TRON bribed both Huobi and Binance to change the consensus of the Steem blockchain. Both of the exchanges denied the allegations and withdrew their votes.

Binance CEO Changpeng Zhao said "he was made aware" of the upgrade beforehand, and decided to approve it.

Earlier iHodl reported that a blockchain-based blogging and social media website Steemit Inc. entered into a partnership with TRON to focus on moving old STEEM token to a new TRON based STEEM token.

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