Freezable is a token property where the token owner can freeze the token, preventing it from being traded or transferred. Tokens with a freezable property have a special “freeze authority” assigned to a specific address, such as the token creator.
You need to be careful with memecoins or tokens that have a freezable property in the token safety report.
However, a freezeable token is also used for regulatory compliance in crypto projects with government or institutional partnerships. A freeze authority enables the project to tackle criminal-related activity or as a failsafe measure in the case of hacks.