A new study by Bybit’s Lazarus Security Lab has revealed that 16 major blockchain networks can freeze users’ crypto on-chain. This capability allows blockchain foundations or validators to step in and restrict transactions , thereby challenging the core principle of decentralization. While these freezing mechanisms are often employed to prevent hacks , and other security risks, they also raise concerns about control, transparency, and the potential reintroduction of centralized authority in decentralized networks . Bybit has disclosed that its research report is the first large-scale investigation to identify which blockchains possess freezing capabilities and how they operate.

Bybit Exposes Blockchains With Crypto-Freezing Powers

In a Press Release , Bybit

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