It's true that infalling observers will experience outside time speeding up, and conversely outside observers will see infalling objects slow down. In fact, as they approach the Event Horizon, they would appear to experience diverging time dilation. So in effect, they become "frozen in time". But remember that you can always maintain two-way communication with light. The very fact that both the outside observer can always see the infalling person and the infalling person can always see the outside world imply there can be two-way communication all the way up to crossing the event horizon (which would take infinitely long for the outside observer). This ought to be enough to conclude the infalling person can in fact never reach the event horizon.