Steem Community Members Filed Lawsuit Against Crypto Exchange Bittrex

In the month of May, five million USD was detained on the Steem blockchain and transferred to Bittrex. Now, the affected Steem coin holders are looking for ways to get their money back.

Crucial members of the Steem community have filed a lawsuit against the digital asset exchange Bittrex to get their funds back. The exchange surprisingly received over five million USD worth of tokens that the Steem community claims was whipped from them. The plaintiffs are demanding Bittrex to pay them sixteen million USD.

It is to be noted that this is the latest phase in an extended saga between the Steem community and CEO of Tron Foundation, Justin Sun. Sun purchased Steemit Inc. in the month of February with the aim to take the blockchain-based social media site to his Tron ecosystem. However, the criticism that resulted due to the move, led to a clash for the blockchain between the original Steem witnesses and the new ones that were voted in by Justin Sun.

The document submitted by Plaintiffs mentioned:

“Plaintiffs request an injunction compelling Bittrex, Inc. to release the Steem to their designated accounts immediately.”