No need. Vitalik can just do a chain-rollback. Wouldn't be the first time and wont be the last time.

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Now that part of the funds have been converted into Bitcoin, if they roll back who will cover the loses of the swap services?

Good question

this seems like a much different situation than the DOA hack since the funds are actively being swapped to other chains. what would rolling it back at this point even accomplish but to harm the other side of the swap?