Paraguay Freezes millions of bank Accounts

That is a cryptocurreny exchange. Not a self-custody crypto wallet.

The crickets here goes to show that if millions of peoples bank accounts (or business accounts) could not withdraw their money in the US, well it will be a massive problem.

The last time that a major event like this happened was SVB, and First Republic Bank all failed and people could not withdraw their money.

But of course in this case (Paraguay) no-one cares.