De-banking is different than freezing funds. If you're de-banked, your existing accounts are closed and you can't open new ones.

While this makes life difficult to navigate, and almost impossible to navigate for businesses (which is why it's used against marijuana and gun dealers), nobody is actually seizing your funds. There are laws that govern how long a bank can hold on to your money if it closes your account, so you're getting your money back on that timeline at the latest.

In this case, it's a court order freezing his assets. There is a significantly higher bar to do that in the US, and as I said, only in exigent circumstances can they do it without having an actual court hearing where you're allowed to plead your side to the judge.

De-banking is different than freezing funds. If your de-banked, your existing accounts are closed and you can't open new ones.

While this makes life difficult to navigate, and almost impossible to navigate for businesses (which is why it's used against marijuana and gun dealers), nobody is actually seizing your funds. There are laws that govern how long a bank can hold on to your money if it closes your account, so you're getting your money back on that timeline at the latest.

In this case, it's a court order freezing his assets. There is a significantly higher bar to do that in the US, and as I said, only in exigent circumstances can they do it without having an actual court hearing where you're allowed to plead your side to the judge.