alt Hacker NewsMoved where? Moving to a different wallet wouldn't prevent freezing. It's 5B, impossible to cash out or exchange for different crypto quickly.
Replies
FabHK • today at 5:31 AM
here's an interesting article by DataFinnovation arguing that blacklisting crypto is doomed to fail.
https://medium.com/chainargos/losing-the-blacklisting-race-e...
hackernud3s • today at 12:19 AM
right but too late to call freeze on the original wallet address as per gp's post. I would imagine it got distributed to many wallets and attempts to tumble by the time Tether could move on it.
tehlike • today at 5:37 AM
they took loan against it.
Excluding wash and artificial activity, supposedly stablecoins trade 400M/h so if it took 2h to notice and lock they might have been able trade about half a billion without overwhelming existing volumes?
https://finance.yahoo.com/markets/crypto/articles/stablecoin... (I didn't verify per-stablecoin volume, or actual volume at those hours, or typical volume for those exact hours, which a better analysis would have done.)