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Ntrails • today at 11:12 AM • 1 reply • view on HN

I guess the point is simply that "blacklisted" coin is no longer a liability. They wouldn't be "printing free cash" they'd be cash neutral.

The alternative is the stablecoin providers effectively keep the money for themselves. At that point the justification for the blacklisting seems like little more than self enrichment?


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extraextra • today at 2:20 PM

Pardon me, I should've explained my point better

There are reports that the hackers used the stablecoins as collateral to borrow ETH via DeFi, before the stablecoins were frozen

In this case, the hackers have the ETH, while the lender has some frozen stablecoins

Given this context I said that if they print some more stablecoins to make whole both the DeFi lender and Binance, it's a betrayal of their other customers

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