Bitcoin

Bybit CEO discusses possibility of Ethereum blockchain rollback

Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds.

Bybit CEO Ben Zhou said that the exchange will try all available means to get the stolen funds back — including a bounty program for anyone aiding in the return of the funds, working with law enforcement, and talking with the Ethereum Foundation to explore possible solutions.

In a Feb. 22 X Spaces, Zhou was asked if he supported a rollback of the Ethereum blockchain to a state before the Feb.21 Lazarus Group hack, which would invalidate the stolen funds. The Bybit CEO responded:

The Ethereum blockchain was “rolled back” following the 2016 DAO hack, which left approximately $60 million in ETH drained from The DAO.

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