According to Odaily, Chainflip has announced its decision to block the illegal movement of funds associated with the Bybit hack within its protocol. This decision follows discussions with the team, community, liquidity providers, primary interfaces using Chainflip, and most validator providers. Chainflip stated that the majority of the necessary code has been written and is now in the testing phase. The upgraded version is expected to be deployed on the network within the next 24 to 72 hours.