Tether froze accounts in two separate incidents today, spotlighting the issuer's unilateral control over $180B in assets. While freezing funds during hacks may be justified, there's no clear industry standard governing when or how this happens.
Circle reportedly freezes accounts only under court order—a safer but slower approach that often lets hackers escape. The challenge: finding a middle ground between arbitrary action and legal process that's fast enough to stop theft but transparent enough to avoid abuse.
Circle reportedly freezes accounts only under court order—a safer but slower approach that often lets hackers escape. The challenge: finding a middle ground between arbitrary action and legal process that's fast enough to stop theft but transparent enough to avoid abuse.