I'm not buying these poor security protocols.
(news.bitcoin.com)
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so wallets can just be frozen by ((the powers that be)))?
thought crypto was supposed to be a safe alternative to fiat currencies controlled by (((bankers)))...
I read it like this : 3fA, but you only get two at that brand. It's designed exactly for this.
Depends on the wallet and the blockchain. If your crypto is on a centralized exchange then the exchange can limit access to the funds at their pleasure. If you’re holding a centralized crypto then who ever controls the blockchain can freeze a wallet. A decentralized blockchain is permissionless so no central authority can control your funds, only the person who has the private key can. However there is a possibility that your wallet can be blacklisted and exchanges will refuse to do business with you or alert the authorities if you attempt to move funds through them.
With the large dollar amount, interest and / or processing fees made money. They basically have themselves a short term loan.
https://news.bitcoin.com/binance-client-executives-kidnapped-forced-to-empty-crypto-wallets-cz-says-total-loss-was-12-5-million/