TechFlow news, according to Cointelegraph, regarding the recent hack of the Bybit exchange on February 21 resulting in a loss of $1.5 billion, Ethereum core developer Tim Beiko stated that although some in the crypto industry have called for reverting the Ethereum network to its pre-attack state, this is technically nearly impossible.
Beiko emphasized that unlike the 2016 TheDAO hack, this attack did not violate Ethereum's protocol rules, and rolling back would trigger widespread and irreparable ripple effects—potentially causing more damage than the hack itself. Additionally, a rollback would invalidate all settled on-chain transactions while being unable to reverse off-chain transactions.
Other industry figures echoed similar views. Ethereum educator Anthony Sassano pointed out that the current complexity of the Ethereum ecosystem makes a simple infrastructure rollback unfeasible. The blockchain vice president at Yuga Labs further warned that the cost of a rollback could far exceed $1.5 billion.
Previous report, when asked whether he supports rolling back Ethereum to the state before the hack, Bybit CEO Ben Zhou said: "This isn't something one person can decide. Based on the spirit of blockchain, perhaps it should be decided through community voting—but I'm not sure."
