How to get back the stolen 400,000 ETH? 💵
It has become known that North Korean hackers are behind the hack. They have previously attacked BingX and Phemex, so these funds will not be returned so easily.
Ethereum is a decentralized blockchain, where you cannot just take and transfer coins back. There is no mechanism for forcibly returning the stolen funds.
The only way to change the situation is if the majority of validators agree to roll back the network.
👉 Something similar already happened in 2016 after The DAO hack, when $50 million was stolen. Then the blockchain was divided into two - Ethereum and Ethereum Classic (ETC).
Now the amount of stolen funds is 30 times greater, but the market is not what it was nine years ago, and the likelihood of such a fork is extremely small.
👉 It's good to see that other exchanges support Bybit: Bitget and Binance have sent their Ether to the platform to help with withdrawals.
As you can see, no one is immune from attacks - Binance and other major platforms have suffered. It's not just the attack itself that's important, but also how the exchange is handling the aftermath.
P.S. ETH withdrawals from Bybit are now available, despite the fact that their entire supply was stolen. The level of professionalism is truly impressive.
