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

MeNews
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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 related infrastructure and customer compliance are inadequate, this is an extremely 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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GateUser-e130bc45
· 3h ago
230 million washed out in six hours; such speed is hardly compliant and catch-up is unlikely
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GateUser-9187acf1
· 4h ago
Circle jumps left and right, eating both ends, a classic move.
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CollateralCora
· 4h ago
Real-time freezing and DeFi security are being conflated? That's emotionally compelling logic.
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MevTeaTime
· 4h ago
ZachXBT's swordsmanship is precise; he has offended both sides.
View OriginalReply0

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