EOS Arbitrator Returns Disputed Account to Original Owner

EOS Arbitrator Returns Disputed Account to Original Owner

The user’s account was reportedly snatched through a phishing scam, EOS arbitrator returns the account to the original owner; thus, EOS takes even more allegations of centralization

The attack was brought to the knowledge of the EOS Core Arbitration Forum (ECAF) in June this year. An unidentified individual was accused by the claimant of holding his private keys.

The ECAF then froze the account in question and obligated block producers to refuse processing transactions from that address.

After the claimant proved rightful ownership, though signing a memo, the ECAF returned and unfroze his account.

Under the powers afforded to me as arbitrator under Article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.

from the EOS Ruling

EOS Hit by an Even More Resounding Centralization Allegation

EOS, which has raised a total of $4 billion during ICO, has been riddled with accusations due to its centralized model of governance. EOS is governed by 21 Block Producers. According to some, collusion by the majority is possible. And that would impede the whole EOS ecosystem.

But as stated by EOS Founder, Daniel Larimer, the platform’s goal is not decentralization. He further says that EOS, BitShares, and Steem are more decentralized than Bitcoin and Ethereum.


148.72 USD


3.93 USD

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