There are many independent implementations of the same idea (given how easy it is to implement) but all suffer from similar shortcomings:

1. uprobes can be expensive and add latency (they force a context switch and copy data), especially when the hooked functions are called a lot

2. EBPF is not widely available outside of Linux, requires elevated privileges (compared to a MITM proxy that requires no privileges and works with every OS)

3. Doesn't work with JVM, Rust, any runtime that doesn't use the hooked functions