Steemit, censorship and a moderated blockchain

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Steemit, censorship and a moderated blockchain
Recently, the steemit developers have taken over a bunch of accounts, most of which were taken over by a hacker, in order to return them to their owners.

https://steemit.com/steemit/@steemit3/third-update-to-july-14th-security-announcement-account-recovery-begins

Technically, this was done using a hardfork. Such a hardfork could also deactivate accounts, remove posts/content or freeze funds.
I was wondering, as the devs already proved this is possible and they can handle it, what would happen if officials force them to censor posts/content? Freeze funds? Are they still able to say no?
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