In a recent report, Bybit's Lazarus Security Lab team has shed light on the critical role of crypto freezing mechanisms in safeguarding users and minimizing financial losses during security breaches. According to the official information, the analysis highlights several significant incidents where these measures were effectively implemented.
Freezing Assets After the Cetus Protocol Hack
One of the most notable examples occurred in 2025 when the SUI Foundation froze $162 million in assets after the Cetus Protocol hack, which led to a staggering loss of over $220 million. This decisive action not only protected remaining funds but also underscored the importance of having robust security protocols in place.
Aptos and BNB Chain's Response to Security Threats
In response to the growing threat landscape, Aptos subsequently integrated blacklisting functions into its network, enhancing its ability to respond to similar incidents. Additionally, in 2022, the BNB Chain employed hardcoded blacklists to mitigate a $570 million bridge exploit, successfully preventing the attacker from accessing the stolen funds. These instances illustrate how fund-freezing capabilities can serve as vital emergency tools during large-scale security breaches.
The recent developments in crypto security highlighted by Bybit's Lazarus Security Lab contrast with the introduction of the BEST Wallet Token, which aims to simplify gold-backed stablecoin transactions. For more details, see read more.
