Is it possible for any reason that your wallet gets blocked?

If its a wallet which you do have the full control of it then it can still possible to be locked when you do forget the password,phrase,keys,seed needed on accessing it but if we do talk about 3rd party online wallets or exchange wallets then its more really prone to be blocked if you did commit some violation into their TOS. If you do try to see there are lots of situation on which users do experience such blockage of their wallet.