Bybit Allegedly Hacked, Ethereum Community Rejects Rollback Proposal
- The cryptocurrency exchange Bybit was allegedly hacked by North Korea’s Lazarus group.
- Approximately $1.4 billion in ether (ETH) was reportedly drained from the exchange.
- Arthur Hayes suggested rolling back the Ethereum network to negate the hack’s impact.
- The Ethereum community strongly opposed this idea, citing decentralization principles.
- In 2016, a hard fork addressed a similar issue but was not considered a rollback.
The alleged Bybit hack led to suggestions of an Ethereum rollback, which were met with resistance due to concerns over decentralization and network integrity.
Source (2.6)https://www.coindesk.com/tech/2025/02/22/ethereum-roll-back-suggestion-has-sparked-criticism-here-s-why-it-won-t-happen?rand=52298
