Needless to say that if you just add a simple text like
Image: on top of embedded images, you will prevent invisible/transparent images, used as links.
PHP Code:
return 'Image:<br /><img src="' . $link . '" border="0" alt="" />';
We had an interesting situation where one spammer was inserting 1x1 px. images and linking them to his site.
With that single code hack, I was able to find in which posts he dropped his link, clear them off and ban him instantly.