EOS[1] has frozen seven accounts compromised by the registration process through phishing scams, according to a Steemit post[2] by EOS42, an EOS block producer (BP) candidate.
The news, published on June 17, has led to backlash based on allegations that the BPs have violated their own constitution[3].
After the public learned of the account freezings, crypto enthusiast Nick Szabo referred to the EOS constitution as “socially unscalable and a security hole:”
In EOS a few complete strangers can freeze what users thought was their money. Under the EOS protocol you must trust a "constitutional" organization comprised of people you will likely never get to know. The EOS "constitution" is socially unscalable and a security hole. https://t.co/WusEqBMGBp[4]
— Nick Szabo⚡️ (@NickSzabo4)
The impetus for the account freezing came from the EOS911 initiative[6], created by EOS42, that is designed to help the victims of EOS phishing attacks and those with compromised private keys.
EOS Block Producers discussed the decision to freeze the accounts over a two hour conference call, ultimately deciding that since the EOSIO constitution has not yet been ratified, they could ignore the EOS Core Arbitration Forum’s (ECAF) decision not to freeze the funds.
The fact that a decision could be made by a small number of players on a conference call has led to several crypto influencers on Twitter bringing up questions about EOS’s decentralized format.
Bitcoin[7] (BTC) advocate Charlie Shrem tweeted yesterday that “this is the point of crypto, no one should have that power,” in reference to the idea that “punishing” people is needed in the crypto space:
“Protecting” “punishing”. No. No one gets to decide those things. You are hair swapping 1 nation state
