Bybit Exposé: 16 Blockchains Can Freeze Funds—Is Decentralization a Myth?

Big Brother Goes Blockchain: Nearly 20% of major networks have built-in kill switches for your crypto. Surprised? You shouldn't be.

Backdoor 'Features' Exposed

Bybit's bombshell report reveals what insiders whisper about—16 chains can legally immobilize your assets. Vitalik's 'code is law' mantra? More like 'compliance is king.'

Wall Street's Crypto Irony

Traditional finance mocks crypto's volatility while quietly demanding these very controls. The ultimate hedge fund paradox—they want decentralization until they don't.

Wake-up call: The next 'decentralized' project you ape into might have a silent partner—your local regulator.

Bybit’s Lazarus Security Lab has released a report after analyzing 166 blockchain networks, revealing that 16 have built-in fund freezing capabilities, while another 19 could enable such features with minimal protocol modifications. The mechanisms vary across networks — from hardcoded logic in BNB Chain and VeChain to configuration file controls in Sui and Aptos, and on-chain contract execution in HECO — raising concerns over decentralization and censorship resistance.