Ethereum rollback deemed ‘technically intractable’ amid Bybit hack pressure
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Bybit hack sparks Ethereum rollback debate
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Bybit CEO Ben Zhou said that the hacker "took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address." Zhou confirmed that the exchange "is solvent even if this hack loss is not recovered."
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Hayes' suggestions of rolling back the blockchain as one of the potential ways to address hacking involves reverting the blockchain to a state before a specific event, in this case, the hack. That way, malicious transactions resulting from the hack can be erased, effectively restoring lost or stolen funds. Implementing a rollback requires consensus from the network participants.
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