❕ZachXBT Highlights Crypto Industry Weaknesses After Bybit Hack

Blockchain analyst ZachXBT criticized both decentralized protocols and centralized exchanges for failing to prevent illicit fund movements. He noted that some DeFi platforms received nearly 100% of fees from North Korea-linked entities, while CEXs take hours to flag illegal funds, making laundering easy. He also called KYC ineffective, as verified accounts can be bought, further exposing industry vulnerabilities.