According to Adam Back (@adam3us), filters do not work and BitMEX Research has empirically shown, consistent with information theory, that such filters cannot work; source: Adam Back on X, Aug 28, 2025. For trading, this asserts that strategies or risk controls relying on filter-based enforcement in crypto systems carry inherent failure risk that should be accounted for in execution and operational risk models; source: Adam Back on X, Aug 28, 2025.