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REDDIT

Tether freezes $344M in USDT

It feels like the entire DeFi industry is moving as one coordinated DAO right now. Albeit, not a very good one

IMO, freezing assets is a very slippery slope. My take is that security and asset protection should be at the app level and NOT the protocol level

Once protocols and blockchains start changing block production, the “immutability” of crypto deteriorates. We are only as strong as our weakest link.

Do you agree with tether freezing these assets or do you think this is a huge misstep for crypto ideals?