PANews reported on March 18 that according to on-chain detective ZachXBT, while assisting in freezing the funds of Bybit hackers, he became deeply aware of the serious problems in the cryptocurrency industry in terms of security vulnerabilities and hacker attacks. He stated that several "decentralized" protocols have recently had almost 100% of their monthly trading volume and fees come from the North Korean hacker organization DPRK, but these projects refuse to take any responsibility.

In addition, centralized exchanges (CEXs) react slowly, and hackers can launder money in just a few minutes, while some CEXs take hours to take action. ZachXBT also criticized the serious flaws in the KYT (transaction monitoring) system, which is easy to circumvent, and the KYC (identity verification) mechanism, which, due to account leaks and internal personnel issues, poses more of a data breach risk to ordinary users, but is almost ineffective in preventing the flow of illicit funds. He pointed out that the North Korean hackers DPRK have recently successfully laundered $1.4 billion, fully exposing the compliance and security system vulnerabilities in the industry, and expressed concern that only government-mandated regulation could improve the industry.