$71 MILLION IN ETH JUST GOT FROZEN ON A "DECENTRALIZED" NETWORK BY A SECURITY COUNCIL. AND EVERYONE IS CHEERING.
The funds were stolen. The freeze was justified. North Korean hackers shouldn't profit from DeFi exploits.
But the mechanism that stopped the hacker is the same mechanism that could freeze anyone. The power to freeze $71M doesn't come with a guarantee it'll only ever be used for the right reasons.
DeFi has to decide what it actually wants. True decentralization where no one can freeze funds, even stolen ones. Or security councils that can act fast but hold centralized power.
You can't have both. And today proved it.