A leaked documents suggests crypto exchange Huobi is manipulating the EOS blockchain to exercise control and profit from it. The spreadsheet, "Huobi Pool Node Account Data 20180911," shows Singapore-Based Huobi is manipulating the "voting" in EOS by validating 20 of the 21 "block producers" (aka miners) for EOS. These 21 groups represent the entirety of EOS mining, making it highly centralized for a crypto. Of the 20 producers Huobi votes for, 16 are apparently voting for it in return. While other exchanges including Bitfinex have stated their plans to vote the EOS held by users, the leak by a Huobi employee implies the firm is doing more than just dominating governance.
It appears there's a quid pro quo going on, which earns Huobi 1,116 EOS tokens per day from other block producers, worth about $6,000. With just 10 addresses holding more than half of all the EOS out there, Huobi is the big whale among the whales and it is profiting from its position. EOS raised $4B through one of the most lengthy and high-profile ICOs. The project was already highly controversial and this disclosure will only increase skepticism. (Source: Trustnodes)