Changpeng Zhao (CZ), the Founder and CEO of Binance, recently revealed shocking news about an $12.5 million heist, claiming his execs were abducted and forced to empty their crypto wallets. Preceding this, CZ asserted that the culprits’ activities on the blockchain was closely monitored, thus permitting Binance to cooperate with other exchanges to “freeze” the affected wallets, stopping approximately $11.8 million worth of Tron ending up in the thieves’ pockets. The ripple of this story stirred up some intense examination within the cryptocurrency scene – particularly in regard to XMR – by inquiring about the “freeze” feature on Bitcoin and the dissimilarities between it and the timeless banks’ policies for these money. CZ explains this drastic distinction, simultaneously remarking the delicacy of the subject matter, and that the theory of being entirely unfreezable isn’t a satisfactory resolving issue for incidents such as this.
