Arthur Hayes, co -founder and ETHER of Bitmex, asked Vitalik Buterin, the co -founder of Ether Leeum, to roll back the network to support the hacking exchange, which lost almost $ 1.4 billion in Ether (ETH) on Friday (EtH) It is.
“@vitalikbuterin will defend to roll back the chain to help @Bybit_official. My own view as Mega $ eth bag Holder has stopped the money since 2016 DAO HACK HARDFORK.If the community wants to do it again, I have already. In 2016 Hayes will support it because he did not vote for immutability.
Buterin has not yet answered at the time of publication.
BYBIT HACK was promptly exchanged as a chain analyst ZACHXBT mentioned more than $ 1.4 billion in Exchange, and the attacker quickly exchanged Meth and STETH through distributed exchanges.
The attacker divided the 10,000 ETH into 39 other addresses and the 10,000 ETH was divided into nine addresses. Gautham Santhosh, co -founder of polynomial.fi, explained X.
Ben Zhou, CEO of BYBIT, said that hackers controlled a specific ETH cold wallet and moved all the ETH of cold wallets to this unidentified address. Zhou confirmed that “the exchange is a solvent even if the nuclear loss is not recovered.”
One of the potential methods to solve hacking is to roll back the blockchain. It is included to turn the blockchain into the state before the certain event occurs (in this case). This can erase malicious transactions caused by hacking and effectively restore lost or theft. To implement a rollback, you will need an agreement from a network participant.
For example, in 2016, the Ettherrium network used hard fork to roll back and reversed $ 60 million from ether in the DAO (30%of all ETHs in circulation at that time). The hard fork divides the chain into two Etherrium and Ether Leeum Classic.
In 2019, Binance’s CEO Changpeng Zhao and his team considered the rollback on the Bitcoin network, based on $ 40 million hacking. But Bitcoin Mining Community criticized the idea that it opposes the principle of distributed and immutable, the basis of blockchain technology.
Contemporary is a security feature that prevents the data from changing after adding to the blockchain and prevents alteration. There are similar concerns about potential Ether Leeum Rollover.
“I hope we can roll back for the bybit hack. I do not oppose the idea. But DAO HACK was 15%of ETH with a clean recovery path. Santhosh is much more ethical. The ecosystem is so interconnected for the same clean solution as 2016.
SINA 21st Capital explained that Ether Lee is now trapped between rocks and difficult places.
“Ether Lee is toast. They can roll back the chain and destroy the remaining thing of the decentralization claim, or allow North Korean BAAD actors to maintain 1.4b ETH and solve the eternal interior battle. Either way, it is terrible.” SINA 21st Capital X said.
The ether has been almost 3% in 24 hours, but it continues to trade between $ 2,600 and $ 2,800 from Coindesk Data Show.