VeChain Claps Back at Bybit’s ‘Hidden Freeze’ Fiasco: Drama, Theft, and Blockchain Tea 🍵💎

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Darling, gather round! VeChain has gracefully swatted away the rather preposterous allegations from Bybit’s Lazarus Security Lab, which, in a fit of dramatic flair, claimed the blockchain harbored a “hidden freeze” feature. How utterly absurd! 🥱

In a statement dripping with the sort of elegance one expects from a Noël Coward protagonist, VeChain declared the claims “factually incorrect and reputationally damaging.” One can almost hear the clinking of champagne glasses as they delivered this retort. 🥂

VeChain Gives Bybit a Masterclass in Poise

Taking to their X account with the precision of a well-timed bon mot, VeChain clarified that the only incident remotely resembling such drama occurred in December 2019. A private key theft-how très gauche!-compromised a single wallet. The community, ever the arbiters of good taste, voted to implement a one-time blocklist to prevent the liquidation of the pilfered assets. How civilized! 🕵️♂️✨

Validators, darlings of discretion, upgraded their node software to reject transactions from the thief’s wallets. No freezing, mind you-just a polite “not today, dear” to the miscreant. VeChain insists this was a transparent, governance-driven response, not some clandestine kill switch. How utterly un-James Bond of them! 🧊❌

The company also took a moment to school Bybit on the difference between “blocking” and “freezing,” darling. They criticized the report for conflating validator policies with hardcoded freezing capabilities. “We encourage the author,” they quipped, “to conduct a deeper technical review. One mustn’t mix up one’s mechanisms in public, you know.” 📚🔍

“We encourage the author of the report to conduct a deeper technical review to understand the implications of mixing up these two mechanisms in a public forum.”

Independent audits, darlings-NCC Group, Coinspect, and Hacken, no less-have confirmed that VeChainThor’s software allows validators to reject transactions, but not to seize or freeze assets. Decentralized decision-making, they insist, is their modus operandi. How très blockchain! 🔗✅

Bybit’s Theatrics

Bybit’s Lazarus Security Lab, in their report titled “Blockchain Freezing Exposed,” claimed 16 major blockchain networks possess features to freeze or restrict user funds. VeChain, alongside BNB Chain, Sui, Aptos, and XDC Network, were accused of having hardcoded freezing mechanisms. How dramatic! 🎭💸

The study, which examined 166 blockchain networks using AI-assisted code analysis and manual verification, identified three categories of freezing mechanisms: hardcoded, configuration-based, and on-chain contract freezing. Quite the taxonomy, wouldn’t you say? 🧪🔬

The report cited examples like Sui freezing $162 million in stolen assets and BNB Chain deploying blacklists to contain a $570 million exploit. While such interventions can mitigate damage, they raise concerns about centralization and censorship. Full decentralization, it seems, is as elusive as a well-timed exit from a tedious party. 🕊️⚖️

So there you have it, darlings. VeChain has set the record straight with all the finesse of a Coward protagonist, while Bybit’s report has left us with more questions than a poorly written sitcom. Until next time, keep your private keys close and your wits closer! 🕶️✨

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2025-11-14 01:31