Cryptocurrency Q&A What does it mean when a token account is frozen?

What does it mean when a token account is frozen?

DigitalEagle DigitalEagle Tue Dec 10 2024 | 6 answers 1440
I've encountered a situation where my token account has been frozen. I'm trying to understand what this status indicates and what possible implications it might have on my account and transactions. What does it mean when a token account is frozen?

6 answers

Isabella Isabella Thu Dec 12 2024
Minting new tokens to a frozen account is impossible.

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TaegeukChampionCourageousHeart TaegeukChampionCourageousHeart Thu Dec 12 2024
Transferring tokens from a frozen account is likewise prohibited.

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Federica Federica Thu Dec 12 2024
A frozen token account remains static in terms of its balance.

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emma_anderson_scientist emma_anderson_scientist Thu Dec 12 2024
Burning tokens within a frozen account is not an option.

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CryptoProphet CryptoProphet Thu Dec 12 2024
No transactions can alter the balance of a frozen account.

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