• Bybit flags 16 blockchains with built-in or configurable funds freezing instruments.
• Hoskinson mentioned Cardano and Midnight don’t have any freeze or blacklist mechanism.
• ADA is buying and selling close to $0.55 as merchants weigh governance designs and safety instruments.

On Wednesday, November 12, Cardano CEO Charles Hoskinson drew consideration to a brand new Bybit Lazarus Safety Lab report that exposed that 16 main blockchains include code options that may freeze or limit person funds.

This analysis “Exposing Blockchain Freeze” We analyzed 166 blockchain networks utilizing AI-assisted code assessment and guide verification to determine hidden intervention mechanisms.

Bybit researchers discovered that whereas 16 blockchains at present embrace direct or configurable funds freezing performance, one other 19 networks might doubtlessly obtain related performance with minimal protocol changes. The report categorizes freeze strategies into three foremost sorts: hard-coded freezes (BNB Chain, VeChain, and many others.), configuration-based freezes (Sui, Aptos, and many others.), and on-chain contract freezes (HECO, and many others.).

A number of examples spotlight the functions of those mechanisms. Sui froze $162 million after Cetus exploit, Aptos launched blacklist performance after safety breach, and BNB Chain used hard-coded limits to cease $570 million bridge hack. In early 2019, VeChain froze $6.6 million value of stolen tokens.

Commenting on the findings, David Zong, Group Threat Management and Safety Officer at Bybit, mentioned: “Blockchains are constructed on the precept of decentralization, however our analysis reveals that many networks are creating sensible security mechanisms to shortly reply to threats.”

Cardano Response focuses on design that doesn’t freeze

Hoskinson reacted sharply, reposting his findings and stressing that “nobody can freeze your funds on Cardano or Midnight.” His response reinforces Cardano’s design philosophy, which facilities on immutability and self-sovereignty, in distinction to the growing institutionalization of different networks.

The report calls on blockchain initiatives to transparently disclose intervention and blacklisting capabilities, and concludes that clear governance is essential to constructing long-term belief amongst customers and establishments.

Cardano (ADA) Value Prediction: Can the Bulls Defend the $0.55 Help Zone?

Cardano (ADA) is buying and selling round $0.5517 on the time of writing, down 3.85% previously 12 hours as technical momentum weakened following a rejection close to the $0.60 resistance stage.

On the 12-hour chart, ADA is under the median Bollinger Band (20-SMA) at $0.5592, indicating that the bullish momentum is fading. The decrease band is situated round $0.5165, a zone that has traditionally served as a steady liquidity pocket for reversals. A definitive shut under $0.55 might result in a retest of this stage, whereas $0.50 might grow to be the subsequent assist goal if stress continues.

The Relative Energy Index (RSI) of 41.6 suggests gentle bearish management however shouldn’t be oversold but, leaving room for a short-term rescue rebound or additional decline.

In a bullish state of affairs, ADA ought to regain $0.56-$0.58 with robust quantity affirmation, paving the best way for $0.6018, with the higher Bollinger Bands at present limiting any upside makes an attempt.

Conversely, failure to maintain the $0.55 pivot might trigger losses to speed up in direction of $0.52 earlier than any stabilization makes an attempt emerge. For now, ADA stays vary certain, with merchants watching to see if Hoskinson’s diversification stance can reignite investor confidence amid market volatility.