RE: Justin Sun Conversation with Witnesses Is Online. @Ned Sold Out The Community - Failed to Disclose.

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Justin Sun Conversation with Witnesses Is Online. @Ned Sold Out The Community - Failed to Disclose.

in steem •  5 years ago 

"whose voting rights could be frozen by simple board decision".

Sun replace the board with himself and reversed the freezing. What is legally wrong with that?

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5 years ago by

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      ·  5 years ago 

    His coup against the community witnesses (replacing the board) was also done illegally by exchanges powering (locking) up their Steem in breach of their fiduciary and ethical duties. It also appears that Justin misled the exchanges by describing what was going on as a hack and security breach rather than the legitimate governance dispute that it really was.

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