Set Trending Topics as a preferred source on Google. Crypto is decentralized only until someone hits the emergency switch. Therecord hack at Binancehas set off a race that shows how the crypto world really...
Summary
- Therecord hack at Binancehas set off a race that shows how the crypto world really works.
- Why Stablecoins Can Be Frozen A large share of the roughly $6.3 billion drained from Binance consisted of stablecoins such as Tether’s USDT and Circle’s USDC.
- These dollar-pegged tokens run on public blockchains such as Ethereum or Tron, but they are issued by a single company.
- And that company has built a back door into the tokens’ smart contracts: It can put individual addresses on a blacklist.
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