{"id":90946,"date":"2025-11-12T17:34:33","date_gmt":"2025-11-12T14:34:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90946"},"modified":"2025-11-12T17:35:28","modified_gmt":"2025-11-12T14:35:28","slug":"bybit-identifies-16-blockchains-with-asset-freezing-capabilities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bybit-identifies-16-blockchains-with-asset-freezing-capabilities\/","title":{"rendered":"Bybit Identifies 16 Blockchains with Asset Freezing Capabilities"},"content":{"rendered":"<p>BNB Chain, <a href=\"https:\/\/forklog.com\/en\/news\/aptos-the-next-generation-of-blockchain-platforms\">Aptos<\/a>, Sui, and 13 other major networks contain code that allows for the blocking or restriction of user funds. This conclusion was <a href=\"https:\/\/www.bybit.com\/en\/press\/post\/bybit-s-lazarus-security-lab-reveals-hidden-fund-freezing-functions-across-16-major-blockchains-blt3ce15bb5dcfaef51\">reached<\/a> by analysts from the Lazarus Security Lab division of the Bybit exchange.\u00a0<\/p>\n<p>Other blockchains with asset freezing capabilities include:<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/forklog.com\/en\/news\/what-is-chiliz-chz-a-guide-to-the-leading-cryptocurrency-for-sports-fans\">Chiliz<\/a>;<\/li>\n<li>VIC;<\/li>\n<li>XDC Network;<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/what-is-vechain-and-the-vet-cryptocurrency\">VeChain<\/a>;<\/li>\n<li>Harmony ONE;<\/li>\n<li>HVH;<\/li>\n<li>Supra;<\/li>\n<li><a href=\"https:\/\/forklog.com\/en\/news\/what-is-eos\">EOS<\/a>;<\/li>\n<li>Oasis Network;<\/li>\n<li>WAX;<\/li>\n<li>Linea;<\/li>\n<li>Waves;<\/li>\n<li>HECO Chain.\u00a0<\/li>\n<\/ul>\n<p>This function can be swiftly activated in networks such as <a href=\"https:\/\/forklog.com\/en\/news\/what-is-arbitrum\">Arbitrum<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cosmos-atom\">Cosmos<\/a>, Axelar, Babylon, <a href=\"https:\/\/forklog.com\/en\/news\/what-are-celestia-and-the-tia-cryptocurrency\">Celestia<\/a>, dYdX, Dymension, DymEVM, Evmos, Initia, Kava, Terra, Mantra, Nillion, OKB Chain, THORChain, Sei, SRCT, XION.\u00a0<\/p>\n<p>Analysts examined a total of 166 blockchains. Their research identified three categories of intervention:\u00a0<\/p>\n<ol class=\"wp-block-list\">\n<li><strong>Hardcoded functions<\/strong> \u2014 first used in 2019 by VeChain developers after a $6.6 million hack. The VeChain Foundation prohibited blacklisted addresses from signing transactions. A similar method was employed by the BNB Chain team.\u00a0<\/li>\n<li><strong>Validator or foundation settings<\/strong> \u2014 also involves blocking certain addresses, but only by validators, foundations, or developers.\u00a0<\/li>\n<li><strong>System contracts<\/strong> \u2014 managing a blacklist through a smart contract in the blockchain. This approach is used solely by the HECO network. It allows immediate changes to the blacklist, which take effect across the ecosystem as validators constantly check the current state of the contract when processing transactions.<\/li>\n<\/ol>\n<p>Specialists cited several instances of these mechanisms in action. One such case was the <a href=\"https:\/\/forklog.com\/en\/news\/hackers-drain-11m-from-cetus-pool-on-sui\">hack<\/a> of the decentralized exchange Cetus on Sui, involving approximately $220 million. The network swiftly <a href=\"https:\/\/forklog.com\/en\/news\/sui-validators-approve-plan-to-restore-162-million-to-cetus-users\">froze<\/a> $162 million, which was later returned to the platform&#8217;s liquidity pool.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBlockchain was built on the principles of decentralization, but our research shows that many networks are developing pragmatic security mechanisms for rapid threat response,\u201d noted Bybit&#8217;s Head of Risk Management, David Zung.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Experts urged projects to adhere to transparency principles and disclose all information regarding emergency intervention capabilities.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Community Reaction\u00a0<\/h2>\n<p>Users were outraged by the news that blockchains could freeze their funds.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bybit just confirmed 16 coins can literally freeze your funds.<\/p>\n<p>3 types of \u201cfreezing\u201d:<br \/>\u2014 Hardcoded in protocol (like <a href=\"https:\/\/twitter.com\/search?q=%24BNB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BNB<\/a>)<br \/>\u2014 Validator \/ Foundation control (like <a href=\"https:\/\/twitter.com\/search?q=%24SUI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SUI<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24APT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$APT<\/a>)<br \/>\u2014 On-chain contract execution (like HECO)<\/p>\n<p>Everyone screams \u201cdecentralization,\u201d<br \/>but most don\u2019t realize how\u2026 <a href=\"https:\/\/t.co\/LtTfAWMuo2\">pic.twitter.com\/LtTfAWMuo2<\/a><\/p>\n<p>\u2014 Ji-hoon \uc9c0 (@0xJiHoon) <a href=\"https:\/\/twitter.com\/0xJiHoon\/status\/1988593427127160897?ref_src=twsrc%5Etfw\">November 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cEveryone screams \u2018decentralization,\u2019 but few understand how few blockchains truly adhere to it. If someone else can freeze your money, it\u2019s not your money,\u201d wrote one user.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Some community members <a href=\"https:\/\/x.com\/kauassess\/status\/1988570685367517679\">called<\/a> the built-in fund freezing function \u201cWeb2 in a new shiny wrapper,\u201d while others deemed it a \u201cserious red flag undermining fundamental trust in <a href=\"https:\/\/forklog.com\/en\/news\/what-is-decentralised-finance-defi\">DeFi<\/a>.\u201d\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cYou expect decentralization, but you get a smart contract with parental controls and a \u2018freeze all\u2019 button in the code,\u201d <\/em><a href=\"https:\/\/x.com\/sk_sahil24\/status\/1988570572616241591\"><em>noted<\/em><\/a><em> another user.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Meanwhile, the ACY Securities team <a href=\"https:\/\/x.com\/ACY_Securities\/status\/1988571669183754277\">described<\/a> Bybit&#8217;s wording as \u201cscare tactics.\u201d According to them, the \u201chidden code\u201d is a publicly verifiable governance feature necessary for major updates, \u201cnot a sinister plot to steal funds.\u201d\u00a0<\/p>\n<p>Back in May, independent developers <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-to-introduce-neutral-rollup-without-tokens-or-centralised-control\">announced<\/a> the launch of a \u201cneutral <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rollups-and-how-do-they-scale-ethereum\">rollup<\/a>\u201d Ethereum R1 without its own token and centralized control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB Chain, Aptos, Sui, and 13 other major networks contain code that allows for the blocking or restriction of user funds.<\/p>\n","protected":false},"author":1,"featured_media":90947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"BNB Chain, Aptos, Sui, and 13 other major networks can freeze user funds.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1151,130,167],"class_list":["post-90946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-bybit","tag-decentralization","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"635","promo_type":"1","layout_type":"1","short_excerpt":"BNB Chain, Aptos, Sui, and 13 other major networks can freeze user funds.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90946"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90946\/revisions"}],"predecessor-version":[{"id":90948,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90946\/revisions\/90948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90947"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}