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ZachXBT states that the issue of stablecoin issuers freezing funds in real-time should not be confused with DeFi security.

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ME News Report, April 18 (UTC+8), in response to Neeraj K. Agrawal's statement that "asking Circle to act as the police of the crypto world does not enhance DeFi security," on-chain investigator ZachXBT responded that it is inaccurate to conflate "whether stablecoin issuers should freeze assets in real-time" with "DeFi security," because publicly traded companies and centralized stablecoin issuers are not part of DeFi. ZachXBT stated that in a "clear and definite" case, approximately $230 million in illegal funds were laundered within six hours; if the relevant infrastructure and customer compliance are inadequate, this is a very poor example. He also criticized the inefficiency of using legal procedures to pressure victims instead of establishing real-time response mechanisms, and said that Circle should not selectively switch between "centralized" and "decentralized" based on its own interests. (Source: MLion)
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Low-PolyEarth
· 3h ago
ZachXBT is always pretty accurate when calling out this kind of conceptual confusion.
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GateUser-99725296
· 3h ago
The legal procedures for victims and others have already cooled off; the efficiency really deserves criticism.
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BlueChipSkeptic
· 3h ago
DeFi security depends on code and audits, not something a company can solve just by acting as a police.
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ForkliftTrader
· 3h ago
If the infrastructure is solid enough, six hours would be enough to freeze multiple times.
View OriginalReply0
AutumnSlopePath
· 3h ago
Circle, you're really good at jumping left and right like that.
View OriginalReply0

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