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RE: Your stake in Steem on centralized exchanges was just used to take over the Steem Blockchain
It's the STEEM that customers have in their accounts at Binance, Huobi, Poloniex, etc...
The Exchanges are using their own customers funds to upvote the Witnesses.
And that's why you should have been using DEX all along instead of these scammy exchanges.
Binance, Poloniex and Huobi have powered their customers' funds and proxied the voting power to an account owned by Justin Sun, as can be seen here: https://steemd.com/@dev365
But the total amount of STEEM held on those three exchanges is about 44M as can be seen from this report: https://steempeak.com/hive-133987/@penguinpablo/weekly-report-how-much-steem-is-stored-on-the-exchanges-february-27-2020
Somehow the math doesn't add up. It doesn't get the @dev365 account to 208M SP.
Having 44M they could be able to take over permanently and then remove the soft-fork allowing Steemit inc adding its 80M.
After that they can actually do anything, even creating 1000M extra out of the air.