Centralization Fears Grow After Bybit Hack Sparks $43M Freeze 💥

[cryptobro]

Following its $1.5 billion cold-wallet hack, Bybit and partners managed to freeze over $42.9 million in stolen funds.
But a new Bybit report shows many networks have built-in fund controls—fueling debate on whether decentralized systems remain truly independent.
Analysts say “emergency controls” may protect users yet undermine the trustless ethos of blockchain technology.

[Nahid Hossen]

Freezing funds after a hack raises serious decentralization questions. ️

[Rimon Khan]

Incidents like this remind us why true self-custody still matters.