CandleFocus Ethereum 'Roll Back' Suggestion Has Sparked Criticism. Here's Why It Won't Happen
2025-02-22
Author: Content Editor
Cryptocurrency exchange Bybit was hacked by North Korea's Lazarus group, resulting in the theft of around $1.4 billion worth of ether (ETH). BitMEX co-founder, Arthur Hayes, who claims to hold a significant amount of ETH, suggested rolling back the Ethereum blockchain to recover the stolen funds. However, the Ethereum community strongly opposed the idea, asserting that it would contradict the principles of decentralization. The community pointed to the 2016 DAO hack, where Ethereum implemented an irregular state transition rather than a rollback. The debate over the rollback proposal continues within the cryptocurrency community.
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