Indeed, you might be surprised to find out that not only is it technically feasible to freeze assets held in an external wallet, but also relatively common. But, unless you’re involved in major criminal activity, the odds of it happening to you remain low.
Because this token contract is usually the only smart contract with the authority to modify the token holder database, it can be used to block access to funds, confiscate tokens or, in some cases, even burn the tokens entirely., then it may be unable to buy and sell the token. Only an admin address will be able to update the smart contract with a blacklisted address.
and transfer tokens to an address they control, or the police requests that assets are frozen pending investigation.
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I'm shocked! Who knew that something so difficult was actually possible? 🤯
Oh wow, I'm absolutely astonished that you've discovered a way to do something that's been possible for years!
Oh wow, imagine how surprised I am that it's *possible* to freeze assets. I'm sure that will come in handy one day.
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Interesting! So what is the process of this freezing assets? How can one ensure it doesn't happen to them and protect their funds?
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Interesting! I didn't know freezing of assets held in an external wallet was possible. Good to know that it's highly unlikely this will happen to me, makes DeFi a lot less intimidating. crypto blockchain
It's centralized stablecoin issuers that must be avoided like the plague, ie: $USDC, $USDT, $aUSD. And also avoid centralized companies like $XLM and $XRP.
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For maximum security, some people even use Multi-sig wallets, tho its way common for DAOs, bitDAO for example has it and its necessary when a treasury like that has Billions of Dollars in assets
Is this mean who's take administered can suspend ours wallet in anytime?🧐 Crypto binance ETH BTC
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