Binance backs down publicly, announces powerdown, admits mistake

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(Edited)


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I suspected this was just a misunderstanding from Binance. CZ claimed he had no clue what a powerdown was. Lets hope this painful lesson is never repeated. Thank you for supporting the Steem blockchain. I believe inSteem's Immutable data, and think it is worth fighting for.

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Somebody should tell them that they could also earn a lot of extra steem with voting while powering down.

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This is great news. Thanks for keeping up all the twitter pressure on them . Appreciate what you do here for the platform

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I can't see from that that he's powering down. Are the transfers from deepcrypto8 that or funds coming in from other exchanges?

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He doesn't personally do that. There's most likely an account manager (who is in a different timezone).

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But I mean, is powering down actually happening? I don't know how to read that page.

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I hope he truly does start power down. Why is there still over 800K STEEM in the account and not being used to fund exchange customers.

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