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so it makes the stolen funds worthless, but can it return the funds to anyone who was stolen from? I'm not even sure the funds even belong to anyone specifically if they were just held in Binances treasury
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so it makes the stolen funds worthless, but can it return the funds to anyone who was stolen from? I'm not even sure the funds even belong to anyone specifically if they were just held in Binances treasury
With central issuers like USDC and USDT the companies are able to burn the tokens making them worthless because they are no longer redeemable for the USD equivalent. I think of it like a remote kill switch, so to make USDC/USDT worth it, they would have to be exchanged for a decentralized crypto like ETH, BTC, etc. Those that are centralized are able to kill the value.