Everybody talking about the 16 blockchains with freezing abilities, per Bybit’s Lazarus Security Lab report
Crazy stuff, right?
> I don't think this should be possible at all
> Kills a huge part of crypto's value proposition, imo
SUI, however, can do more than just freeze funds
During the CETUS hack earlier this year, the Sui Foundation, in collusion with OtterSec and Cetus Protocol, demonstrated they can also seize (steal?) funds from any account they want if endorsed by the SUI community via a rushed and highly emotional onchain vote
> The governance process is a different discussion
> If anything, this event proved that they CAN do that
> Which is bad enough even if people can justify the process
Far worse than simply freezing, isn't it?
Crypto means nothing if someone can arbitrarily freeze and seize funds
Crazy stuff, right?
> I don't think this should be possible at all
> Kills a huge part of crypto's value proposition, imo
SUI, however, can do more than just freeze funds
During the CETUS hack earlier this year, the Sui Foundation, in collusion with OtterSec and Cetus Protocol, demonstrated they can also seize (steal?) funds from any account they want if endorsed by the SUI community via a rushed and highly emotional onchain vote
> The governance process is a different discussion
> If anything, this event proved that they CAN do that
> Which is bad enough even if people can justify the process
Far worse than simply freezing, isn't it?
Crypto means nothing if someone can arbitrarily freeze and seize funds