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Ethereum rollback deemed 'technically intractable' amid Bybit hack pressure

Summary by Cointelegraph

Ethereum core developer Tim Beiko said in a Feb. 22 X post that the “reasonably sounding proposal” for an Ethereum network rollback after the significant Bybit hack is “technically intractable.”

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Crypto News Flash

Ethereum Rollback Debate Heats Up After Bybit Hack Discussion - Crypto News Flash

Tim Beiko confirms Ethereum cannot rollback Bybit hack transactions due to network complexity and potential widespread disruptions. The Bybit hack exploited a compromised interface, not Ethereum’s protocol, making a rollback infeasible and risking unintended ripple effects. The Ethereum community is embroiled in a heated debate over the Bybit hack, which resulted in a loss of approximately $1.5 billion. Some have suggested an extreme solution: a…

3 hours ago

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Bitcoin Ethereum News

Ethereum core developer rejects calls for rollback after Bybit’s hack, citing “ripple effects”

The post Ethereum core developer rejects calls for rollback after Bybit’s hack, citing “ripple effects” appeared on BitcoinEthereumNews.com. Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network despite growing calls from the broader crypto community to do so in the wake of Bybit’s $1.5 billion hack. Beiko went to X to explain why reverting the chain to its pre-hack state wasn’t an option. H…

4 hours ago

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Times Tabloid

Ethereum Co-Founder Vitalik Buterin Is Caught In a Nightmare

On February 21, 2025, cryptocurrency exchange Bybit suffered a major security breach, losing $1.46 billion in digital assets, primarily Ethereum (ETH). The attack occurred during a routine transfer between wallets, with hackers successfully diverting the funds to an unidentified address. Bybit assured customers their remaining assets were secure but warned of potential withdrawal delays due to the incident. CEO Ben Zhou emphasized that the compa…

5 hours ago

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