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10
I'm not buying these poor security protocols. (news.bitcoin.com)
posted 2 years ago by Michalusmichalus 2 years ago by Michalusmichalus +10 / -0
Binance Client Executives Kidnapped, Forced to Empty Crypto Wallets — CZ Says Total Loss Was $12.5 Million – Security Bitcoin Ne...
Binance CEO CZ has shared a story of how executives of a Binance client were abducted and forced to empty their crypto wallets.
news.bitcoin.com
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– aldagautr 2 points 2 years ago +2 / -0

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)))...

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– Michalusmichalus [S] 1 point 2 years ago +1 / -0

I read it like this : 3fA, but you only get two at that brand. It's designed exactly for this.

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– DT990P 1 point 2 years ago +1 / -0

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.

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