Why didn't Citi reverse this wire?
https://www.bloomberg.com/opinion/articles/2021-02-17/citi-c...
https://www.bloomberg.com/opinion/articles/2021-02-17/citi-c...
New payments contracts now include "revlon clawback" clause. The blockchain analogy is a buggy smart contract that gets fixed.
If this was done by check, Citi could have simply cancelled the check.