CandleFocus 'Ethereum Classic': Cardano's Hoskinson Reacts to Bybit Crypto Hack
2025-02-22
Author: Content Editor
Charles Hoskinson, founder of Cardano and co-founder of Ethereum, has criticized Ethereum following a major security breach at the cryptocurrency exchange Bybit. Hoskinson responded to the suggestion of an Ethereum rollback to address the breach with "Ethereum Classic." He has previously described Ethereum as a "dumpster fire" and compared its potential decline to that of early internet platforms. He has also proposed that Ethereum might eventually migrate to Cardano. Bybit suffered a massive security breach, losing $1.4 billion worth of Ethereum and other tokens. The North Korean hacker group Lazarus has been identified as the perpetrators, and withdrawal services at Bybit have fully resumed.
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