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How Can Cryptocurrencies Be Frozen on a Blockchain?


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The maxim of “not your keys, not your crypto”, is well-known in the cryptocurrency space — and many cryptocurrency users and investors count on this fact when taking custody of their own assets.

It is widely thought that if you take control of your private keys, you will always retain control of your assets, and hence, cannot be subject to censorship. But recent events have proven that this isn’t always the case.
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.

Despite this, it is wise to familiarize yourself with this relatively unknown phenomenon. Here, we dispel the myth that cryptocurrencies cannot be frozen on-chain.

0:49 – How Does Freezing Funds on Blockchain Work?
1:46 – Why Does a Crypto Freeze Happen?
4:41 – Address Blacklisting and Honeypot Scams

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12 Comments

  1. sounds like tokens aren't worth buying. only the native assets worth holding.
    THis is why i DECRED. The most immutable coin on earth. on it's worst day it's 10x harder to attack than btc.

  2. @CoinMarketCap there is a youtube channel called CoinMarketCapNews and i'm sure that isn't you guys, they're pushing some fake Amazon coin pre-sale. Hope you guys find my comment useful and take action against them.

  3. Scammers are spreaded in the groups inviting in their private message box to hunt you. please be beware from them.

  4. Fuck , if asset can be freeze then where is the decentralization. No need to hold crypto

  5. If freezing is to catch bad guys, yes I fully support but I would be stupid to buy shit coins

  6. When there on a “centralized” exchange like Coinbase or Robinhood it’s too easy to freeze crypto :p

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