The lawsuit concerns the seizure of $5 million of Steem tokens from some 65 accounts in May 2020, which was tracked to the exchange.
Tron has received $2.4 million from the U.S. government, and that the company is expecting to receive another cash assistance in the future.
Steem's blockchain has undergone a tumultuous time as of late thanks primarily to Tron founder Justin Sun questionable takeover of the network.
The brouhaha reflects other famous instances in cryptocurrency history where users and communities have rebelled against protocol developers.
At an event to bring the crypto world together, Justin Sun might have just divided everybody more than ever.
Mercedes will use blockchain to track carbon emissions as Ditto Music & PSG soccer club launch blockchain projects. Singapore has also ventured into regulations.
Two former employees of the TRON Foundation allege the company had a very hostile work environment and disregard for U.S. law.
The U.S. Patent and Trademark Office (USPTO) dismissed three trademark applications requested in connection with the Tron blockchain project.
The profiles of the two executives have been blocked over “violations of laws and regulations and the relevant provisions of the Weibo Community Convention.”