Yes. But if the minority gets wind of that, it could create its own hard fork and keep out known members of the cartel in the future. Something like the opposite happened with Ethereum in response to the DAO hack, when the majority rolled back a transfer of ethereum by a minority of wallets that followed the rules as written but were against the intent of the rules.

Crypto is often sold as 'anarchy with rules' but it's not really that. Nor is it oligarchy as is the case with fiat and central banks. Crypto is in fact democratic. I wonder whether that's why it's unpopular in certain circles.