The SEC ruled Ethereum a security because of its decentralization. Steem is no longer decentralized and thus a security if the SEC were asked. Steemit, Inc, a company registered in the US, has total control over the blockchain. By stealing the coins, Justin Sun is now committing security fraud, a serious crime that may result in a prison sentence. I wonder if China would extradite him if he got a prison sentence. The most likely result of this is that Tron is forced to pay those whose balances were frozen OTC for their stake at a higher price than those account holders would've been able to sell their coins through exchanges.
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I doubt that. My take is that Justin is funded by Jack Ma and that businessman has a lot of influence in China.
But it would keep him from ever coming to the USA or any country that has an extradition treaty with the USA. Also, it would do serious damage to his ability to do business in the US.
He deserves that for his mentality and way of treating people and doing business.