Comment by tarruda
2 hours ago
If they baked in a function to freeze USDT, why not also add a function revert a transaction flagged as part of a hack?
2 hours ago
If they baked in a function to freeze USDT, why not also add a function revert a transaction flagged as part of a hack?
Because they own and control their own smart contracts but do not own the network that the contracts are deployed to.
Plus, freezing funds and waiting for US law enforcement to weigh in rather than being the proverbial judge, jury and executioner is now likely to keep you on the right side of said law enforcement.
> Because they own and control their own smart contracts but do not own the network that the contracts are deployed to.
I assume they call a method on the contract to freeze the coins (with some superuser kind of signature), so they could easily write a method that moves the coins back, too. This should be similar in terms of gas costs.
The law enforcement theory seems more likely, yeah.