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Etherfuse’s Stellar freeze and clawback powers

On-chain events · · Ketju Research

ConfirmedMixed evidence

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.

Affects: Etherfuse Stablebonds (asset)

What happened

Etherfuse’s CETES issuer has enabled revocation and clawback flags on Stellar, according to account state observed on November 5, 2026.

What changed

Ketju’s Etherfuse file describes these powers as absent. Stellar’s account state contradicts that description and requires a review.

What did not change

The account observation establishes no change to Etherfuse’s reserves or contractual redemption terms.

Confirmed

  • Stellar shows auth_revocable and auth_clawback_enabled as true for the CETES issuer.
  • The issuer account identifies etherfuse.com as its home domain.
  • Stellar dates the account’s last modification to October 25, 2026.

Still open

  • The account’s last modification date does not identify when Etherfuse enabled either flag.
  • Ketju has not established which existing holder trustlines permit clawbacks.
  • The evidence establishes issuer powers without confirming that Etherfuse froze or reclaimed any holder’s tokens.

What it means for an advisor

  • Ketju should review the Etherfuse file’s freeze and clawback descriptions before advisors rely on them.
  • The review should distinguish the issuer’s account settings from the permissions on each holder’s trustline.

Sources

  1. Etherfuse CETES issuer account · Stellar Horizon ·

Version 1, published . We check this event again on . Educational research. Not investment advice.