Steem to Freeze Another $5M in Tokens Linked to Hive Supporters

The ongoing controversy regarding Justin Sun’s management of the Steem network continues to escalate, as the platform moves to freeze an additional $5 million in tokens owned by dissenting Steemit witnesses and stakeholders.

The network’s validators, referred to as ‘witnesses,’ who are aligned with Sun, have approved the decision to freeze 23.6 million STEEM tokens. They accuse the involved account holders of presenting a significant threat to the stability of the Steem network.