The hacker group Lazarus, believed to be state-backed, recently carried out a major hack on Bybit, one of the largest cryptocurrency exchanges, stealing around $1.5 billion in Ethereum (ETH).
There have been calls within the crypto community to roll back the Ethereum blockchain to recover the stolen funds and prevent the North Korean government from using them for illicit activities.
Billionaire investor Mike Novogratz, the founder of Galaxy Digital, opposes an Ethereum hard fork and believes the community should freeze the accounts until the stolen funds are recovered by government intervention.
Novogratz calls for world leaders to take action against the Lazarus Group and address the security risks associated with state-backed hacking.