Bybit's Lazarus Security Lab Reveals Hidden Fund-Freezing Functions Across 16 Major Blockchains

Bybit's Lazarus Security Lab Reveals Hidden Fund-Freezing Functions Across 16 Major Blockchains

/PRNewswire/ -- A new report by Bybit's Lazarus Security Lab has revealed that 16 major blockchains include code that allows them to freeze or restrict user...

Cardano News: No One Can Freeze Your Funds on Cardano and Midnight, Charles Hoskinson

Key Insights Charles Hoskinson is leading the Cardano news trend after confirming no one can freeze funds on Cardano or its privacy sidechain, Midnight. Bybit report shows 16 blockchains can freeze assets, emphasizing user control and transparency. Privacy coins like Midnight and Zcash gain momentum, offering secure, compliant blockchain solutions. In a recent Cardano news update, Charles Hoskinson states that the protocol and its privacy sidec…

Bybit freeze exposé highlights decentralization transparency issues

A report from Bybit’s “Lazarus Security Lab” today claims 16 blockchains have built-in fund freezing measures, while an additional 19 are capable of the same freezing with some minor tweaks, raising concerns about decentralization and transparency.  Researchers used artificial intelligence (AI), alongside manual review, to look into 166 different blockchains to determine their freezing capabilities. The full report found 16 chains utilizing thre…

Study Reveals Dozens Of Blockchains Could Restrict Assets With Minor Code Tweaks » News.ng

Bybit’s Lazarus Security Lab has uncovered a concerning trend in blockchain design, revealing that several networks retain the ability to freeze or restrict user funds—an attribute that challenges the very foundation of decentralisation. In its new report, the research arm of the major crypto exchange examined 166 blockchains and identified 16 that are already equipped with mechanisms capable of immobilising digital assets. The analysis, which c…