1inch blocks Binance hacker addresses but cannot freeze stolen 1INCH tokens
- —1inch blacklisted hacker addresses in its dApp, Wallet and API within an hour
- —The lists were shared with parsers and integrators
- —Stolen assets include 1INCH, a standard ERC-20 with no freeze function
- —1inch is assisting Binance and law enforcement in tracing funds
Why it matters: The case shows the limits of DeFi's response to exploits: addresses can be blocked, but standard ERC-20 tokens cannot be frozen.
Source: PANews