Bybit Highlights XION and BGA’s $100K Global Impact Accelerator for Blockchain Social Good
XION, a leading verification infrastructure technology firm, has partnered with the Blockchain for Good Alliance (BGA) to launch the Global Impact Accelerator (GIA), a $100,000 fund dedicated to supporting blockchain startups that align with the United Nations' Sustainable Development Goals. Announced at the Global Impact Forum in Copenhagen, this initiative highlights the increasing convergence of blockchain technology and social impact. The GIA aims to empower innovative projects that leverage blockchain for positive global change, reinforcing the sector's potential to drive sustainable development. Bybit recognizes this collaboration as a significant step toward harnessing blockchain's transformative power for social good.
XION and BGA Launch Global Impact Accelerator to Advance Blockchain for Social Good
XION, a verification infrastructure technology firm, has teamed up with the Blockchain for Good Alliance (BGA) to introduce the Global Impact Accelerator (GIA). The $100,000 fund aims to support blockchain startups aligned with the United Nations' Sustainable Development Goals. Announced at the Global Impact Forum in Copenhagen, the initiative underscores the growing intersection of blockchain and social impact.
Bybit's Co-CEO Helen Liu emphasized the BGA's mission to harness blockchain for measurable societal benefits. XION's verification infrastructure will ensure transparency and accountability across funded projects. The partnership reflects broader institutional interest in leveraging distributed ledger technology for public good.
Bybit Exposes 'Kill Switch' in 16 Blockchains: BNB Chain, Aptos Among Networks Capable of Freezing User Funds
A startling revelation from Bybit's Lazarus Security Lab exposes centralized control mechanisms in supposedly decentralized networks. Sixteen blockchain platforms, including industry heavyweights like BNB Chain and Aptos, maintain technical capabilities to freeze or restrict user assets at will.
The forensic analysis examined 166 networks through AI-assisted code scrutiny and manual review. Three distinct control paradigms emerged: hardcoded protocol-level freezes (BNB Chain, VeChain), validator-configurable restrictions (Aptos, EOS), and smart contract-based blacklists (exclusively Heco Chain). These backdoor mechanisms fundamentally contradict blockchain's Core promise of censorship resistance.
Notably, ten networks implement shadow governance through configuration files accessible only to validators or foundation entities. The findings raise existential questions about the true decentralization of major LAYER 1 chains, particularly those with venture backing or corporate affiliations.
