flash on Nostr: ⚡️🗣️ Ethereum developer Tim Beiko says that unlike the TheDAO hack in 2016, ...
⚡️🗣️ Ethereum developer Tim Beiko says that unlike the TheDAO hack in 2016, the attack on Bybit did not violate Ethereum protocol rules.
A rollback would result in widespread onchain reactions that would be difficult to repair, and could even lead to more destructive consequences.
What's more, the cost of a rollback could be well in excess of $1.5 billion.
Bybit CEO BEN has also stated that the latest fork was due to the theft of 30% of ETH's supply.
Although the amount is significant this time around, it only represents around 0.3% to 0.4%, so Ethereum may not consider going back.
A rollback would result in widespread onchain reactions that would be difficult to repair, and could even lead to more destructive consequences.
What's more, the cost of a rollback could be well in excess of $1.5 billion.
Bybit CEO BEN has also stated that the latest fork was due to the theft of 30% of ETH's supply.
Although the amount is significant this time around, it only represents around 0.3% to 0.4%, so Ethereum may not consider going back.