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Can Ethereum Undo the $1.4B Bybit Hack? Arthur Hayes Thinks So

  • BitMex co-founder Arthur Hayes urges Ethereum co-founder Vitalik Buterin to conduct a blockchain rollback to help Bybit recover the $1.4 billion stolen.
  • Rolling back the Ethereum blockchain raises concerns about its decentralization claims and potential disruption to interconnected initiatives on the network.
  • The proposal for a rollback is reminiscent of the 2016 DAO hack incident, when Ethereum chain was split into Ethereum and Ethereum Classic.
  • Opinions are divided on whether a rollback should occur, with some seeing it as a solution to recover stolen funds, while others fear it would compromise decentralization.

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