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Etherfuse’s Stellar freeze and clawback powers

On-chain events · · Ketju Research

ExecutedConfirmed evidence

Affects: Etherfuse Stablebonds (protocol)

What happened

Etherfuse enabled authorization revocation and clawback for its Stellar issuer on October 6, 2026, according to the successful Stellar operation.

What changed

Etherfuse gained powers to revoke authorization and claw back eligible balances. Ketju’s eligibility file lists neither power for the Stellar CETES issuer.

What did not change

The cited Stellar evidence establishes no change to Etherfuse’s permissions on Solana, Base, Polygon or Monad.

Confirmed

  • Etherfuse’s issuer enabled auth_revocable and auth_clawback_enabled at 2026-10-06T21:54:47Z, according to Stellar.
  • Stellar still showed both flags as true on October 31, 2026.
  • Stellar showed five signers with weight 1 each and authorization thresholds of 3 on October 31, 2026.

Still open

  • The cited evidence does not establish which existing holder balances permit clawback.
  • The cited evidence does not establish whether Etherfuse has frozen or clawed back any holder’s tokens.
  • Etherfuse’s reason for enabling these powers remains unconfirmed.

What it means for an advisor

  • Ketju should review the Etherfuse memo and eligibility file because their Stellar permission descriptions conflict with current issuer powers.
  • Advisors should account for Etherfuse’s ability to restrict transfers and remove eligible balances when reviewing Stellar holdings.

Updates

Sources

  1. Etherfuse issuer authorization and clawback changes · Stellar public network through Horizon · · effective
  2. Etherfuse issuer account permissions · Stellar public network through Horizon ·

Version 6, published . First published ; every earlier version stays in the JSON file. We check this event again on . Educational research. Not investment advice.