Quote from: Tipstar on Today at 01:20:30 AM

Quote from: pixie85 on July 09, 2020, 09:31:05 PM

Quote from: Ryushin on July 09, 2020, 03:36:14 PM

Don't judge on this yet, I suspect that address owner stole that money, it's better for centralized power to deal with criminals, if it's on decentralized projects the criminal will escape with that money, if this is what happened I'm glad the money is frozen

It doesn't matter what he did. Maybe he stole it maybe he did not. Was he sentenced? Was there a conviction?

They froze his money without a trial so this shows how dangerous using a stablecoin can be when somebody suspects you of something and you get your money stolen from you which can make you unable to hire a lawyer and defend in court. It can also make you unable to travel to whenever you want to defend your case and so on.

USDC is certainly not decentralized and they are a legit business under the US jurisdiction. They need to comply when the government asks.
It's the same for most of the exchanges and other coins and tokens. Even if it were decentralized coin, the authorities would make it hard for the person to cashout.

it looks like the amounts that have already blocked related to the illegal activities. circle has already stated if that was can't be unlocked. If that was fully decentralized and the authorities will asked the exchange site to block it. Authorities have a lot of ways to do that.