Stablecoin issuers are now freezing hacked funds almost every day. So how decentralized is crypto, really? "Chainalysis says it helped coordinate freezes with law enforcement and…
Original source excerpt
Stablecoin issuers are now freezing hacked funds almost every day. So how decentralized is crypto, really? "Chainalysis says it helped coordinate freezes with law enforcement and stablecoin issuers. …
Stablecoin issuers are now freezing hacked funds almost every day. So how decentralized is crypto, really? "Chainalysis says it helped coordinate freezes with law enforcement and stablecoin issuers. These stablecoin issuers are working overtime right now, in a job that they didn't expect, to freeze funds from hacks nearly every single day." "Crypto's busiest department this week is incident response. Every single chain is getting a call from exchanges all over the world on a daily basis asking to freeze funds. It's a complete mess out there." "Honestly, it kind of puts a question mark around the decentralization of crypto. Obviously, I'm very happy that they're helping people get their money back. I'm happy that these assets are being frozen." "But remember, there's a reason Bitcoin is different from everything else." "Yes, the exchanges can be hacked. Yes, custodians can be hacked. But Bitcoin itself has never been hacked. And it's more important than ever for people to understand that difference."
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