#tetherfreezesusdtlinkedtoledgertheft
Tether activates “freeze mode”: Ledger hacker cries, “Where’s the decentralization?!” 🧊🥶
Things have escalated in the case of the $90 million that disappeared from a Ledger wallet! Tether rushed to freeze most of the USDT held in the hacker’s wallet. But the puzzling question is: why could Tether do that, while Bitcoin and Ethereum can’t? Quite simply, USDT is a centralized stablecoin with a “control button,” while BTC and ETH are fully decentralized; divine protection might help, but developers can’t freeze them!
This saved the victims’ money, but sparked a heated debate over the “decentralization” of cryptocurrencies. Indeed, the line between “protection” and “manipulation” is as thin as the difference between a buy trade and a sell trade! 😂
What should traders do? Avoid obscure stablecoins, stick with BNB and BTC for peace of mind, and don’t forget to tighten up your security measures.
Please follow
$CHR
$币安人生
$BNB
#Tether #LedgerHack #العملات_المستقرة #CryptoSecurity
Tether activates “freeze mode”: Ledger hacker cries, “Where’s the decentralization?!” 🧊🥶
Things have escalated in the case of the $90 million that disappeared from a Ledger wallet! Tether rushed to freeze most of the USDT held in the hacker’s wallet. But the puzzling question is: why could Tether do that, while Bitcoin and Ethereum can’t? Quite simply, USDT is a centralized stablecoin with a “control button,” while BTC and ETH are fully decentralized; divine protection might help, but developers can’t freeze them!
This saved the victims’ money, but sparked a heated debate over the “decentralization” of cryptocurrencies. Indeed, the line between “protection” and “manipulation” is as thin as the difference between a buy trade and a sell trade! 😂
What should traders do? Avoid obscure stablecoins, stick with BNB and BTC for peace of mind, and don’t forget to tighten up your security measures.
Please follow
$CHR
$币安人生
$BNB
#Tether #LedgerHack #العملات_المستقرة #CryptoSecurity