Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum core developer: Rollback is almost impossible to achieve, or it may cause a chain reaction that is difficult to repair

Ethereum core developer: Rollback is almost impossible to achieve, or it may cause a chain reaction that is difficult to repair

CointimeCointime2025/02/23 04:34
By:Cointime

in response to the hacker attack on Bybit exchange on February 21st and the loss of 1.5 billion USD, Ethereum core developer Tim Beiko stated that, although some industry insiders are calling for the Ethereum network to be restored to its pre-attack state, from a technical perspective, this is almost impossible to achieve.

Beiko emphasized that, unlike the 2016 TheDAO hack incident, this attack did not violate the Ethereum protocol rules, and a rollback would result in widespread and difficult-to-repair chain reactions, potentially causing even greater destructive consequences than the hacker's losses. In addition, a rollback would undo all settled on-chain transactions, without being able to reverse off-chain transactions.

Other industry insiders also expressed similar views. Ethereum educator Anthony Sassano pointed out that the complexity of the current Ethereum ecosystem makes simple rollback of infrastructure unfeasible. Yuga Labs blockchain vice president further warned that the cost of a rollback could far exceed 1.5 billion USD.

In previous news, when asked if he supported rolling back Ethereum to the state before the hack, Bybit CEO Ben Zhou said: "This is not something one person can decide. Based on the spirit of blockchain, maybe it should be decided through a community vote, but I'm not sure."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!