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Update: CNN reported that $344 million of frozen USDT on the Tron platform yesterday by Tether is linked to Iran.
G 📰🇮🇷 This news reported by CNN reveals a massive freezing operation carried out by Tether (the issuer of USDT) in coordination with authorities. The amount exceeding $344 million was detected on the Tron network, and digital forensic reports and analyses indicated that these assets are directly linked to Iranian entities. This step comes as part of tightening international financial oversight and tracking digital money movements attempting to bypass traditional systems. ⛓️🚫
🛡️ And people said blockchain cannot be controlled
🤔📉 This event raises very serious questions and strikes at the core of the "decentralization" idea promoted by some. Where are those who claimed that blockchain is a completely free space and that no entity can control or stop it?
The harsh truth is that what happened proves that stablecoins (like USDT) are subject to the control of the issuing company, which holds the freeze key (Blacklist function), giving it the ability to disable any wallet with a single click. 🖱️🔒
Centralized control, this freezing is the biggest proof that technology, despite its power, still operates under the umbrella of centralized control when it comes to large amounts and geopolitical conflicts. 🌍⚠️
The reality today proves that control exists, and privacy on the blockchain is not absolute as some think! 🛡️?
If you want to support me, follow my profile 💵
$BTC $CHIP
📰🇮🇷 This news reported by CNN reveals a massive freezing operation carried out by Tether (the issuer of USDT) in coordination with authorities. The amount exceeding $344 million was detected on the Tron network, and digital forensic reports and analyses indicated that these assets are directly linked to Iranian entities. This step comes as part of tightening international financial oversight and tracking digital money movements attempting to bypass traditional systems. ⛓️🚫
🛡️ And people said blockchain cannot be controlled
🤔📉 This event raises very serious questions and strikes at the core of the "decentralization" idea promoted by some. Where are those who claimed that blockchain is a completely free space and that no entity can control or stop it?
The harsh truth is that what happened proves that stablecoins (like USDT) are subject to the control of the issuing company, which holds the freeze key (Blacklist function), giving it the ability to disable any wallet with a single click. 🖱️🔒
Centralized control This freeze is the biggest evidence that technology, despite its power, still operates under the umbrella of centralized control when it comes to large amounts and geopolitical conflicts. 🌍⚠️
The reality today proves that control exists, and privacy on the blockchain is not absolute as some believe! 🛡️?
If you want to support me, follow my profile 💵
$BTC $CHIP