
After analyzing 166 blockchains, Bybit’s Lazarus Security Lab found 16 networks that can freeze or restrict user funds, raising questions about decentralization. A security research team at major crypto exchange Bybit has identified 16 blockchain networks that are technically capable of freezing or restricting user funds. Bybit’s Lazarus Security Lab on Tuesday released a report examining the impact of the fund freezing ability across multiple blockchains, analyzing a total of 166 networks. Using AI-driven analysis combined with manual review, the Bybit security team found that networks like Binance-backed BNB Chain are hardcoded with freezing functions. Read more