everyone is afraid of risks, no one leaves the house
Dragoncrip
--
Do you like Stablecoins like USDT?
But remember that they have the control
USDT just blocked $15,000,000 from the account 0x4cbeB09CAA4dDDDe613cEdfE2f73a92f07FC858F
Just that easy with a single command they put you on the blacklist and you lose all your $USDT.
In the TX we can see how they execute the BlackList function in the $USDT token contract and add the wallet.
If you check the contract you can indeed see that it is blocked.
In this operation they took $14 million of USDT since the user had moved 1 million of USDT to another wallet
And what do you think happened to what was in the other Wallet? They also put it on the Blacklist!! 0xf5902e7402dA82d43B2464F1514C4125baC2cfD0
If we look at the records periodically, USDT is blocking $USDT, that $USDT that remains outside is $USDT that is collateralized, if we see it from outside it is a good way to recover Peg, more collateral less USDT!!!
But it becomes clear that anything that happens in USDT, be it an attack or hacking or whatever, they could massively execute the BlackList function and leave all the USDT unusable.
It seems like a science fiction movie, but remember that in Crypto nothing is safe, not even your stablecoin.
Text for reflection 🧐
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.