According to Nic Carter (@nic__carter), using a block explorer is a straightforward method for analyzing blockchain transactions, which can be leveraged by traders for verifying transaction details and ensuring transparency in their trading activities.

According to ZachXBT, self-custody in cryptocurrency remains complex and may not be suitable for most users. He points out that many users struggle with understanding block explorers and may inadvertently leave open approvals for phishing attacks, which increases the risk of their assets being compromised. This highlights the need for improved user education and security measures in the crypto space.

According to ZachXBT, major centralized stablecoins typically include freeze or blacklist functions in their contracts. Traders can verify if an address is blacklisted by reading the contract on their preferred block explorer.

According to ZachXBT, Majin is spreading misinformation by claiming that $70 million in funds 'vanished on-chain' and were tied to an offshore entity. ZachXBT argues that these claims are based on a misunderstanding of block explorer data and are supported by out-of-context screenshots. He suggests that the transaction in question is being misrepresented.