4 ms·

If Circle blacklists you and your funds you can't do anything with them at all afaik.

• capableweb 4y ago
  That's not true. They still live on a blockchain not controlled by them, so you can still send them around from account to account. You won't be able to get USD from them though via a CEX.
  • charcircuit 4y ago
    The smart contract on the blockchain allows them to blacklist addresses upon request from law enforcement.
  • easrng 4y ago
    The contract has a blacklist built in, see for yourself: https://etherscan.io/address/0xa2327a938febf5fec13bacfb16ae10ecbc4cbdcf#code https://etherscan.io/address/0xa2327a938febf5fec13bacfb16ae1... (and you can see the logs of them blacklisting and unblacklisting addresses here: https://etherscan.io/txs?a=0x5db0115f3b72d19cea34dd697cf412ff86dc7e1b https://etherscan.io/txs?a=0x5db0115f3b72d19cea34dd697cf412f...) It inherits from Blacklistable which allows a blacklister to blacklist accounts, and almost all functions on the contract have the notBlacklisted modifier which prevents them from being called by blacklisted accounts. /** * @title Blacklistable Token * @dev Allows accounts to be blacklisted by a "blacklister" role */ contract Blacklistable is Ownable { address public blacklister; mapping(address => bool) internal blacklisted; event Blacklisted(address indexed _account); event UnBlacklisted(address indexed _account); event BlacklisterChanged(address indexed newBlacklister); /** * @dev Throws if called by any account other than the blacklister */ modifier onlyBlacklister() { require( msg.sender == blacklister, "Blacklistable: caller is not the blacklister" ); _; } /** * @dev Throws if argument account is blacklisted * @param _account The address to check */ modifier notBlacklisted(address _account) { require( !blacklisted[_account], "Blacklistable: account is blacklisted" ); _; } /** * @dev Checks if account is blacklisted * @param _account The address to check */ function isBlacklisted(address _account) external view returns (bool) { return blacklisted[_account]; } /** * @dev Adds account to blacklist * @param _account The address to blacklist */ function blacklist(address _account) external onlyBlacklister { blacklisted[_account] = true; emit Blacklisted(_account); } /** * @dev Removes account from blacklist * @param _account The address to remove from the blacklist */ function unBlacklist(address _account) external onlyBlacklister { blacklisted[_account] = false; emit UnBlacklisted(_account); } function updateBlacklister(address _newBlacklister) external onlyOwner { require( _newBlacklister != address(0), "Blacklistable: new blacklister is the zero address" ); blacklister = _newBlacklister; emit BlacklisterChanged(blacklister); } }