Brazilian Central Bank Digital Currency Raises Alarm as Developer Uncovers Fund Freezing Feature
A blockchain developer has found a code in Brazilian central bank-backed digital currency (CBDC) that would allow the government to freeze accounts or even drain them at will. Founder of Web3 consulting company Iora Labs...
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Founder of Web3 consulting company Iora Labs and blockchain developer Pedro Magalhaes took to social media to reveal his findings in the Brazilian CBDC pilot. ...
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