It does, they basically just centralized Steem, using funds on exchanges that probably don t even belong to them. But hey, what we did was criminal.
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It does, they basically just centralized Steem, using funds on exchanges that probably don t even belong to them. But hey, what we did was criminal.
Of course the funds dont belong to them.
This isnt mutually exclusive, Binance can be criminals as well as the steem witnesses. But I suspect the TOS of Binance probably make them proxies to your steem (or other cryptos) otherwise you could literally call autorities.
It's sad that exchanges agree to do that, time to boycott those exchanges I guess, centralised exchanges are now the big player on crypto world, but it doesn't mean it will forever be the case lol.