VeChain has added Draper Dragon and Fenbushi Capital as institutional validators following the Hayabusa upgrade. The appointments strengthen governance and signal renewed venture interest in VET.
VeChain said on X that Bybit's allegation of a secret freeze or 'kill switch' in the network is false, clarifying a 2019 blocklist was never intended as a hidden control. The statement was published through VeChain's official account on Nov. 14, 2025.
VeChain (VET) posted a small recovery in November following a sharp sell-off in October, but the bounce has failed to erase prior losses. Traders remain cautious, leaving momentum and volumes subdued.
VeChain says a 2019 blocklist was a one-time, community-approved response and not a secret 'kill switch' alleged by Bybit. The clarification aims to counter misinformation and reassure VET holders and partners.