Coin-Turk 32 minutes ago
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The Ethereum 
$2,684 ecosystem has been shaken by one of the largest cyberattacks in recent history. The Bybit exchange lost $1.4 billion in ETH ($2,708.56) due to the hackers’ actions. Arthur Hayes, a co-founder of BitMEX, suggested that Ethereum should be rolled back to recover these losses, igniting significant debate regarding the principle of decentralization.
Debate Over Rolling Back the Ethereum Network
Hayes’ call for a rollback echoes the hard fork implemented after the 2016 DAO ($1.96) attack. This earlier incident led to a split in Ethereum, causing much controversy at the time. Hayes indicated that a similar process could be repeated under current circumstances.
The stance of Ethereum co-founder Vitalik Buterin on this matter is highly anticipated. Although blockchain experts acknowledge that a rollback could be technically feasible, they argue it would undermine Ethereum’s claim to decentralization. Some experts also point out that the network’s complexity h…
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