Global Feed Post Login
Replying to Avatar FLASH

⚡️🗣️ 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.

Avatar
M 10mo ago

The kind of discussions that only centralized currencies can have…

Reply to this note

Please Login to reply.

Discussion

Avatar
FLASH 10mo ago

We agree 🤝

Thread collapsed
Avatar
Tauri 10mo ago

Yes 👆

Thread collapsed