Bybit: 16 Blockchains Fit Freeze Funds; 19 More Fit Follow
Bybit Lazarus Security Lab don find say 16 big blockchain networks get built-in fund freezing mechanism dem. Dem researchers identify three way dem dey do am: hardcoded blacklist for chains like BNB (BNB) and VeChain (VET); configuration-based controls for networks like Sui (SUI), Aptos (APT), and EOS (EOS); plus on-chain smart contracts, for example like for Huobi ECO Chain (HECO). Additional 19 chains, including Arbitrum (ARB) and Cosmos (ATOM), fit add fund freezing with small code change.
The lab show five real cases where fund freezing help stop loss. Sui freeze $162 million after Cetus DEX hack, later return assets with 90.9% governance approval. BNB Chain blacklist attacker address after October 2022 exploit, limit withdrawal to about $100–110 million. VeChain block 469 addresses after $6.6 million wallet hack. Aptos activate emergency freeze one month after Sui intervention.
Even though these security moves work well, the report warn say e fit challenge decentralization principles. If dem give foundations or validator groups override powers like bank dem, fund freezing fit affect censorship resistance. Traders should dey watch governance updates for networks like dis to know any change for freezing policies. With more institutional adoption and regulation, more blockchains fit put emergency freeze controls.
Neutral
Di report talk say 16 blockchains don get di ability to freeze funds and 19 more fit add controls. Dis one mean security dey increase against hacks, wey fit make traders feel better for short time and reduce risk if price drop. But centralization wahala and possible censorship power fit spoil confidence and hold make price no rise well. All over, di mixed effects balance each other, so e go get neutral impact for price movement.