Tag: bybit

The post Bybit Identifies 16 Blockchains With Fund Freeze Mechanisms-BNB Chain, VeChain, & Sui Among the Affected appeared com. Bybit’s report on BNB’s built-in freeze mechanisms highlights short-term caution for investors, focus in risk management. Bybit framing these freeze tools as practical safety measures, suggesting institutional interest could support BNB’s long-term growth. Bybit’s Lazarus Security Lab has revealed a striking reality: 16 major blockchains have built-in mechanisms that can freeze user funds instantly. Among the most affected are heavyweights like BNB Chain, VeChain, and Sui. According to the report, this development is prompt a reevaluation of security and trust in cryptocurrencies, according to David Zong, Head of Group Risk Control and Security at Bybit. As reported by Crypto News Flash (CNF) in the recent updates, Bybit Attack and the Case for Ethical Finance, this development is prompting a reevaluation of security and trust in cryptocurrencies, according to David Zong, Head of Group Risk Control and Security at Bybit. Blockchain was built on the principle of decentralization yet our research shows that many networks are developing pragmatic safety mechanisms to respond quickly to threats. At Bybit, we believe transparency builds trust. Our goal is to encourage open dialogue and better governance across the industry. As Binance continues expanding its DeFi and real-world asset integrations, BNB’s utility and deflationary tokenomics are likely to support a gradual recovery, keeping the long-term outlook neutral to bullish to many crypto as well. BNB Chain, VeChain, and Sui were flagged by Bybit for their fund-freeze features. BNB Chain uses a hardcoded protocol-level blacklist, as was activated during the 2022 $570M bridge exploiting; VeChain employs permanent hardcoded address blacklisting, first used in 2019; and Sui allows validator-controlled freezes through configurable files, deployed in 2025 to lock $162M after breach. Bybit: Short-Term Bearish, Long-Term Neutral to Bullish for BNB Especially, the spotlight in the BNB’s freeze function raises short-term concerns about the centralization. Traders may interpret.