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Why The Bybit Hack Forces Ethereum Into A $1.5B Choice Between Bad Options

  • The recent $1.5 billion hack on Bybit's cold wallet has forced Ethereum to make a difficult choice.
  • The options facing Ethereum are either to perform a rollback, sacrificing immutability and splitting the community, or to do nothing and risk market chaos.
  • The hack raises security concerns as it involved sophisticated techniques and the funds could potentially be used by North Korea for nuclear programs.
  • This decision will have a significant impact on Ethereum's identity, blockchain immutability, cryptocurrency's future, and global security implications.

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