Yes, that's a nicer way to put it.

Overall, adding code to arbitrarily change permissions like this is completely against decentralization principles. It also destroys the trust in the STEEM currency. If a mafia of 20 nerds can freeze your funds so easily, why would you want to ever invest into or hold steem?

Today maybe the only victim is Justin Sun, but tomorrow it could be apps or other large investors whose funds are taken hostage in a similar fashion, who knows?