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Huobi Replies To Allegations On Collusions With EOS Network Manufacturers

15:57 01/10/2018

The representatives of the Chinese crypto exchange Huobi denied information about participation in fraud related to the voting procedure on the EOS blockchain, and in agreements with some block producers, according to Twitter of cnLedger with reference to a local source Jinse.


Previously, the information was spread that manufacturers of EOS blocks might negotiate and coordinate their actions during the voting. Moreover, there were documents and comments related to these allegations on Twitter of MapleLeafCap.

The report stated that the exchange representatives are voting for twenty producers of EOS blocks. Some of them share profits with the exchange. In turn, block producers vote for the crypto platform, which also produces blocks.


A number of the crypto sphere representatives disagreed with the accusations. A member of the social news website Reddit with the nickname eosview analyzed the situation and stated that it is wholly based on uncertainty and doubt, and it should not be paid so much attention.


According to the CoinMarketCap rating, as of October 1, 2018, 08:34 (UTC), the Huobi crypto exchange ranks fourth with the trading volume of $600 million for the last 24 hours. The EOS crypto is fifth in the ranking with a market capitalization of $ 5.1 billion and price $5.64.


As previously reported, the developers of Block.one announced the release of a new version 1.3.0 of the EOSIO blockchain software.

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