> About $2.4 billion out of this is already frozen by Circle and Tether. Some of the big ones:

How does freezing crypto work in this context?

redox99 2 hours ago | parent | next [-]

The smart contract for those tokens supports freezing. Tether just calls the freeze function on that address.

cowlevel an hour ago | parent | next [-]

And it's impossible to mix them because Ethereum is even anonymous than Bitcoin.

Isn't it already too late at that point? The tokens would have moved already.

	▲	petu an hour ago \| parent [-]
		Moved where? Moving to a different wallet wouldn't prevent freezing. It's 5B, impossible to cash out or exchange for different crypto quickly.

wmf 2 hours ago | parent | prev [-]

Most crypto assets are operated by a smart contract that controls every transfer. So the contract can decide to not perform certain transfers.

Not your keys, not your crypto.

Keys? Hahaha, still not your crypto.

	▲	cowlevel an hour ago \| parent [-]
		Unless it's Monero, the only currency to be declared illegal in most countries because it's too much like cash.