🔍 Blockchain detective ZachXBT on system flaws: "Long hours spent helping freeze funds after the Bybit hack opened my eyes..."

The crypto sleuth is frustrated by how exploits and hacks have become industry norms. Decentralized protocols avoid responsibility, and centralized exchanges react too slowly as millions vanish in minutes. KYT and KYC are ineffective, easily bypassed, or create false security.

The recent hack and $1.4 billion laundering prove the system is broken.