# Etherfuse's Stellar issuer freeze and clawback powers

> Ketju identified issuer powers that contradict its eligibility file's description. The evidence establishes the current flags, but leaves their activation date unresolved.

- URL: https://riadefi.com/on-chain/2026-10-23-etherfuse-stellar-issuer-permissions/
- Type: Control change
- Stage: Confirmed
- Evidence: mixed
- Materiality: material
- Event date: 2026-10-28
- Version: 2, published 2026-10-28 (first published 2026-10-23)
- Follow-up: 2026-10-29
- Advisor-relevant: yes
- Affects: Etherfuse Stablebonds (asset)

Developing. Some claims here are not yet confirmed, and they are listed apart from the confirmed facts. Ketju publishes a new version when the primary evidence changes.

## What happened

Etherfuse's Stellar issuer had authorization-revocation and clawback flags enabled on October 28, according to Stellar's public account data.

## What changed

Ketju identified issuer powers that contradict its eligibility file's description. The evidence establishes the current flags, but leaves their activation date unresolved.

## What did not change

Stellar's account data establishes no completed freeze, clawback, reserve loss, or change to holders' legal claims.

## Confirmed

- Stellar's public account data identifies etherfuse.com as the issuer account's home domain.
- The issuer account has auth_revocable and auth_clawback_enabled set to true.
- The issuer account has auth_required and auth_immutable set to false.

## Still open

- The evidence does not establish when Etherfuse enabled these flags.
- Ketju has not established which existing holder trustlines permit clawbacks.
- The evidence does not establish whether Etherfuse exercised either power against a holder.

## What it means for an advisor

- Ketju should review the memo and eligibility file descriptions of Etherfuse's Stellar authority.
- Advisors should distinguish the issuer's ability to restrict transfers from its ability to claw back particular holdings.

## Sources

1. [Etherfuse's Stellar issuer account](https://horizon.stellar.org/accounts/GCRYUGD5NVARGXT56XEZI5CIFCQETYHAPQQTHO2O3IQZTHDH4LATMYWC) · Stellar public network account data · 2026-10-28


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.