It is a hostile Takeover from the China Clan Binance + Justin Sun.
Binance, Tether, Bitfinex, Blockchain Capital and of course Justin Sun are all involved in illegal activities and this will all blow up at some point. I don't trust any of those people. Now Steem is faced with the new reality of two extreme powerful stakeholders Binance and Justin Sun. And of course Binance used users funds to power up stake and vote for their Witnesses....which is a crime in itself.
Steem needs to decide to follow Justin Sun and a centralized cruxed governance or Fork and hope for survival.
I wonder what the Steemit.com Dev Team will be doing???