Huobi responds to allegations of collusion with EOS

October 02, 2018
Chris Wheal

Crypto exchange Huobi has responded to accusations it “colluded” with EOS platform on “mutual voting” practices.

In a brief statement, the Chinese exchange said an investigation into the allegations which Cointelegraph reported on October 1 was “still ongoing”.

“Based on the initial investigation, there were no financial contracts involved between Huobi and any third party,” the statement said.

The Chinese exchange said an investigation into the allegations were “still ongoing.”

On Monday, Block.One, the parent company of the EOS platform, issued its own statement explaining it was aware several parties had levelled accusations of voting process manipulation at certain participants. It referred to the claims as “unverified”.

“We believe it is important to ensure a free and democratic election process within EOS and may, as we deem appropriate, vote with other holders to reinforce the integrity of this process,” the statement read.

The EOS voting process has come under fire from cryptocurrency community figures in the past, including Ethereum co-founder Vitalik Buterin, who expressed concern about the potential for manipulation.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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