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Since it is assumed that Binance owns the validator they could simply blacklist the address from ever making transactions.
by qqii 6y ago
Since it is assumed that Binance owns the validator they could simply blacklist the address from ever making transactions.
- londons_explore 6y agoI assume that before they can do that these funds will go through a bunch of other smart contracts, be swapped for monero, mixed a bunch of times and eventually cashed out.
- leppr 6y agoYou seem to mix-up "smart contracts" and the platform on which they run. On BSC, Binance effectively controls all smart contracts, since they control the chain itself. And given that all bridges with the outside world are also centralized in a way, the only way for the scammers to cash out would have been to swap before anyone notices.
- qqii 6y agoIf you're interested you can follow the funds yourself: https://bscscan.com/address/0x9542966f1114eaa5859201aa8d34358bfedbfa79 https://bscscan.com/address/0x9542966f1114eaa5859201aa8d3435... As far as I know BSC doesn't have any mixers, nor aomtic swaps exchanges.
- suifbwish 6y agoSooo what’s to stop them from doing this anytime they want for any reason. I’m out.
- qqii 6y agoFinancial incentives, lost of trust? Ethereum once rolled back their blockchain for the DAO hack. The price dropped 25% and ethereum was forked into ETC.