Ethereum Core Developer: Rollback Nearly Impossible to Achieve, Could Lead to Hard-to-Repair Chain Reaction

BlockBeats News, February 23rd: Regarding the hacking incident on February 21st where Bybit exchange suffered a breach and lost $1.5 billion, Ethereum core developer Tim Beiko stated that although some in the crypto industry are calling for 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, this attack did not violate the Ethereum protocol rules. A rollback would result in widespread and hard-to-fix cascading effects, potentially causing even greater destructive consequences than the hacker's losses. Furthermore, a rollback would negate all settled on-chain transactions and cannot reverse off-chain transactions.

Other industry figures have expressed similar views. Ethereum educator Anthony Sassano pointed out that the current complexity of the Ethereum ecosystem makes a simple rollback of infrastructure unfeasible. Yuga Labs' VP of Blockchain also warned that the cost of a rollback could far exceed $1.5 billion.

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