Quote
Other features of the Krown include a Settlement Function which is used to settle a debt, undo fraudulent transactions and retrieve stolen funds.
Really?Suppose this condition arises
Suppose a person 1 does a fraud with another person 2 for some amount of Krown equivalent to 1 BTC,
Now, person 1 instantly goes to an exchange and converts it to another currency and withdraw.
Person 1 comes to you with all proof saying hey buddy someone scammed me, please retrieve my funds.
You did it as promised and the exchange sees that change and now the exchange is a victim now.
I know you had a proper plan for that please refer or quote that here for me.
Thanks
The Settlement feature is all about providing a backup in a worst-case scenario. Usually, when the funds are stolen, they are transferred into the chain of accounts and this process takes time and at this time the Central Authority can Freeze and settle funds before they are sold, the Central Authority cannot do anything after the sale. This is relative to stolen Gold bars from the federal reserve, if melted down the federal reserve cannot do anything. After the Funds are sold it becomes a legal issue and triggers a prosecution and the exchanges can identify the account and person the funds came from.
Thanks