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by CTDOCodebases 1126 days ago
This is not specific to Bitcoin though.

In Latin America there are “Flash/lightening kidnappings” where they take a person hostage and drain their bank account over a period of time.

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They can’t take a bank hostage and drain all of it’s customers funds though.
This was solved technically with the invention multisig wallets.

Whether the custodians choose to support them or not is another matter.