❕ Ethereum Community Rejects ‘Rollback’ Idea After Bybit Hack

Arthur Hayes suggested an Ethereum rollback to recover funds stolen in the $1.4 billion Bybit hack, but the proposal was met with strong opposition from the Ethereum community. Core developers argue that such a move would violate decentralization principles and is technically impossible due to Ethereum’s account-based model. While some pointed to the 2016 DAO fork as a precedent, it was an irregular state transition, not a rollback. The consensus remains clear—Ethereum will not reverse transactions to recover lost funds.

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