#EthereumRollbackDebate

In 2016, the Ethereum community faced a similar dilemma following the DAO hack, where a significant amount of ETH was stolen due to a vulnerability in the DAO's smart contract. The community responded by implementing a hard fork to reverse the hack's effects, leading to the creation of two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC).

Current Debate: Feasibility and Community Consensus

The recent Bybit hack has prompted renewed discussions about the possibility of a blockchain rollback. Bybit CEO Ben Zhou has expressed interest in exploring this option, suggesting that it should be a community decision. However, Ethereum core developer Tim Beiko has cautioned against such a move, labeling it "technically intractable" and highlighting the complexities and potential consequences of attempting a rollback at this stage.