On Friday, the Bybit’s Exchange of Cryptomonets was allegedly pirated by the Lázaro Group of North Korea, which drained almost $ 1.4 billion in Ether (ETH) of the exchange.
After Hack, Arthur Hayes, co -founder of Bitmex and who claims to be an Ether headline (ETH), wrote a publication about X to the Ethereum co -founder, Vitalik Buterin. “Meanwhile, in a session of X Spaces, the CEO of Bybit, Ben Zhou, revealed that his team had also communicated with the Ethereum Foundation to see if it was something that the network would consider, pointing out that such a decision should be based on what is based on what The community of the network wants.
The publication of Hayes immediately caused a fierce reaction from the Ethereum community, which was firm in its belief that it would not happen. Some even questioned if the founder of Bitmex was joking. Coendesk contacted Hayes about X to clarify his comments.
Ethereum members, such as central developer teams, are greatly against “back” the network because it would cancel the central elements of decentralization. If Buterin decided on his own that it would happen, then that would be seen as the end of Ethereum’s ethos, which largely involves several teams of developers and other community members when it comes to the health and state of the chain of the chain of Blocks
“Rolling the chain would not give eth any purpose. What is the point if you can change the rules, “said user @The_WESO in an X post.
Some outside the Ethereum community pointed out the 2016 DAO Hack as an example when $ 60 million were stolen in ETH. The network advanced with a hard fork, dividing the old network into two, and the new chain continued as Ethereum.
However, that hard bifurcation was not a “reversal”; It was known as an “irregular state transition.” Ethereum technically cannot “go back” the network because it is based on an account model, where the accounts have the user’s ETH.
At the time of hack, developers updated their nodes to a new client or software. Those who did not update their nodes were still in the old chain, which was known as Ethereum Classic.
When the nodes were updated to the new software, the stolen ETH could go from an Ethereum account address to the next.
“The ‘change of irregular state’ that they implemented at the time of the DAO hard bifurcation was this: they displayed by plane all the ETH in the Smart contracts DAO .
Read more: Arthur Hayes floats the idea of going back the Ethereum network to deny $ 1.4B bybit hack, drawing community anger
