Musaed

the binance hacker just did something genius and it should scare you tether froze $1.5 billion in stolen USDT. circle froze $800 million in USDC. everyone's celebrating like the problem is solved meanwhile the hacker deposited the stolen USDT on aave, borrowed ETH against it, and walked away. because USDT can be frozen. ETH can't he's never paying it back. he doesn't need to tether and circle just proved they can freeze billions in seconds. and the hacker just proved that if you know how defi actually works, none of that matters the freeze saved some of the money. but the smartest money was already gone before anyone pressed the button