2026-01-13 18:27:56

A well-known public chain has really crossed the line this time

Without private key authorization or any judicial documents, the project team can directly freeze on-chain addresses and transfer user assets. This is not a technical dispute but a violation of the fundamental principles of blockchain.

Imagine: as long as the project team thinks you "have a problem," they can move your money without your knowledge. What is this called decentralization? Frankly, it’s just putting all the power in the hands of a centralized backend.

Such actions have actually deviated from the original intention of blockchain. If asset security and transparent transactions are not guaranteed, what’s the difference from traditional financial account freezes?

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TheMemefather

· 01-16 18:10

Oh my, you're really something else. Is this still called a chain? It's no different from a bank.

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OnchainHolmes

· 01-14 22:06

Is this still called a public chain? Laughable, it’s no different from centralized exchanges. --- Directly freezing assets? I might as well keep my assets on an exchange, at least they dare to do it openly. --- This really broke my confidence; decentralization has become a joke. --- Moving funds without authorization? What kind of operation is this? How is it different from freezing accounts at a bank? --- I just want to know who sets the standard for "problematic" here—it's too absurd. --- What about on-chain transparency? What about asset security? All gone to the dogs. --- I've long said some public chains are not viable, and now it's confirmed. --- Power is completely centralized; what's the point of this public chain? --- Is this still called Web3? I think it’s more like Web2.5.

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PumpBeforeRug

· 01-13 18:57

This public chain is really outrageous. Freezing addresses is truly lowering the bottom line. The project team says freeze, then freeze. What are we even hoping for? Might as well go directly to the bank. Is this still called decentralization? Laughable, it's just centralized with a different mask. With such concentrated power, an incident is bound to happen sooner or later. Anyone trusting it now should reconsider their assets. What's the difference from traditional finance? Honestly, it's just got a Web3 veneer added.

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AlphaBrain

· 01-13 18:57

Isn't this just blatant centralization? Still dare to call it a public chain, hilarious.

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RetiredMiner

· 01-13 18:49

What's the difference between this and a bank freezing accounts? Laughs --- I just want to ask, if you don't even want the private key, how can you still call it your public chain? --- I've long been fed up with this trick, it's really outrageous --- Another one becoming a central bank, fine --- Are these people treating us like fools? --- The bottom line? They've had none for a long time --- Decentralization has turned into dehumanization, absolute

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OvertimeSquid

· 01-13 18:43

Laughing to death, is this what "decentralization" is? Might as well go back to the bank. --- This public chain is truly outrageous; freezing assets doesn't even require a private key. How can it still be called a blockchain? --- Wow, how obvious is the centralization? Which words did you say about decentralization back then? --- The project team just says "there's a problem" and they can move your money. I can't even laugh anymore. --- It's no different from traditional finance but still dares to boast about decentralization. I really can't hold it in. --- This operation has truly hit the bottom line. Why are people still playing with this public chain? --- Can transfer without private key authorization? What are you playing at here? Isn't this just a centralized database?

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DataChief

· 01-13 18:41

This is still decentralized? That's funny. --- Directly freezing assets without discussion? Then what was our original purpose? --- Wait, is this real? This is so outrageous. --- It's hard to hold on; it's truly no different from banks. --- Bro, are your coins still there? I'm withdrawing first. --- Another "We Are Different" public chain, hilarious. --- The project team's move is really brilliant, directly cutting off trust.

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