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Comment by user43928

It's an important distinction.

$3.5B stolen was "stable coins", which you could equate to a piece of paper with a dollar amount written on it.

Those are largely freezable by the issuer of the paper.

Then we have $2.4B in Bitcoin and ETH stolen. Those are not directly freezable.

However, if that does create a liquidity challenge for these exchanges, what if the price just so happens to drop by 60% after trading is restricted? That liability might shrink in actual value.

parent user43928 7 hours ago

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