Decentralized finance (DeFi) protocols are stepping in to freeze stolen funds while centralized issuers face criticism for holding back.
A recent intervention on Arbitrum saw attacker-linked assets frozen after a major exploit, while some stablecoin issuers, including Circle, have faced public backlash for slower or more limited responses in similar situations.
Connor Howe, CEO and co-founder of cross-chain infrastructure project Enso, said that crypto protocols are not that different from centralized platforms or banks if a small group of people can freeze funds.
“The differentiation from a bank compliance officer is less than DeFi idealists will ever admit,” Howe told Cointelegraph.
The debate isn’t the usual kerfuffle between decentralization and centralization, but about who gets…
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Source cointelegraph.com
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