How to Freeze Solana accounts (in 2 steps)
Freezing Solana accounts Solana that when an account holds a token, it cannot use it to make transactions.
This process is completely reversible, and if what you need is the opposite process, i.e. to unfreeze, you can see our guide on how to unfreeze solana accounts.
How to make freeze of wallets from Solana step by step
To freeze accounts and prevent token transactions token first go to Smithii Freeze Token tool Smithii solana) and follow these steps:
- Connect your Wallet select the token: In the "Token " field, select the token want to manage in its Wallet .
- Enter the accounts to be frozen: In the"List of Token that will be Frozen" field, add the addresses of the wallet accounts wallet want wallet freeze. You can do this by clicking the"Add"button or by uploading them in bulk using a CSV file. (You can download a sample CSV file, fill it in with the addresses, and re-upload it by clicking the "Upload CSV" button.)
- Confirm the action: Once all the accounts are listed, check that everything is correct. Then, press the Freeze button to freeze the selected accounts.
To verify the status of the accounts check Solscan to confirm that the accounts are frozen correctly.
This action can be seen as legitimate if it is executed for security reasons, for example if you suffer a case of hacking and want to avoid a theft of funds; or also if you want to make a temporary block, announced in a transparent way.
Uses such as malicious manipulation of the market or unjustified blocking of certain holders are considered unethical and immoral practices, which may even entail criminal consequences as they are considered scams.
“A cryptocurrency honeypot scam refers to a malicious smart contract with hidden traps designed to lure users into investing before stealing their funds.” Vardi Z. (February 26, 2024). Dechat accidentally shares link to a “honeypot” scam in token announcement. COINTELEGRAPH.
Conclusion
You can quickly upload wallet addresses and freeze them whenever you deem necessary. Remember that applying this practice at your own discretion can seriously undermine the community’s trust in your token.
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- Cointelegraph token
Industrial Engineer. Member of the Smithii's marketing team. Solana trader. Collaborator in the $SHRIMP memecoin launch.