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A comment on FTX US’s wallets appear to be hacked, $600M leaving the exchange. Parent comment

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by AirStreamer27 on Saturday November 12, 2022 @10:51AM (#33574166)
How can USDC or USDT be frozen?
[ Parent | on HN ]
Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by eightysixfour on Saturday November 12, 2022 @11:00AM (#33574228)
Both are centrally managed and are semi-regularly frozen at the request of authorities.
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by somebodythere on Saturday November 12, 2022 @11:01AM (#33574245)
The smart contract has an array of frozen addresses that will not be permitted to move funds, which can be edited by Centre and Tether respectively.
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by X6S1x6Okd1st on Saturday November 12, 2022 @10:59AM (#33574218)
The smart contacts have a blacklist that the companies can add to, that would disable transfers.
[ Parent | on HN ]