A token freeze is a mechanism that temporarily prevents a specific cryptocurrency token from being transferred or traded. This action is typically implemented by the token issuer or a governing protocol to enforce specific conditions, such as regulatory compliance, security measures, or vesting schedules. Frozen tokens remain in their respective wallets but are rendered inaccessible for external movement.
Context
Token freezes are often enacted in response to security incidents, regulatory investigations, or the planned distribution of tokens in initial offerings. News reports may detail instances where tokens belonging to compromised wallets or specific participants in a decentralized autonomous organization (DAO) have been frozen. The governance mechanisms and legal frameworks surrounding token freezes are subjects of ongoing deliberation.
A flash loan attack leveraging validator key compromise exposed critical bridge governance flaws, swiftly mitigated by a BONE token freeze and multisig intervention.
A flash loan attack leveraged compromised validator keys on the Shibarium bridge, enabling unauthorized asset siphoning and jeopardizing cross-chain integrity.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
