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Ethereum core developer: Rolling back Ethereum is almost impossible and could lead to difficult-to-fix chain reactions

ChainCatcher news, according to Cointelegraph, recently, regarding the February 21 hack of Bybit exchange that resulted in a loss of $1.5 billion, Ethereum core developer Tim Beiko stated that although some in the crypto industry are calling for the Ethereum network to be restored to its state before the attack, it is almost impossible to achieve from a technical perspective.Beiko emphasized that, unlike the 2016 TheDAO hack incident, this attack did not violate Ethereum protocol rules, and a rollback would lead to widespread and difficult-to-repair chain reactions, potentially causing more destructive consequences than the hacker's losses. Furthermore, a rollback would undo all settled on-chain transactions while being unable to reverse off-chain transactions.Other industry figures have expressed similar views. Ethereum educator Anthony Sassano pointed out that the current complexity of the Ethereum ecosystem makes a simple rollback of the infrastructure unfeasible. Yuga Labs' blockchain vice president even warned that the cost of a rollback could far exceed $1.5 billion.Previous news, when asked whether he supports rolling back Ethereum to the state before the hack, Bybit CEO Ben Zhou stated, "This is not something one person can decide. Based on the spirit of blockchain, perhaps it should be decided through a community vote, but I'm not sure."

Sun Yuchen: Safety is a "top priority project," and we must remain vigilant and continuously learn

ChainCatcher news, Huobi HTX global advisor and TRON founder Justin Sun shared his profound insights on exchange security in a Twitter Space themed "Industry Crisis, How to Cope Together? Is There an Optimal Solution for Security in the Crypto Industry?"He stated that it is evident that hacking methods are continuously evolving, shifting from hot wallet attacks to multi-signature wallet attacks. Exchanges must remain vigilant at all times and dynamically enhance their security measures. In his view, security is a "top-level project," and having a sense of awe and a willingness to learn are key to maintaining security. One must always be humble, always vigilant, and always learning, which ultimately leads to everlasting security. Additionally, security is akin to personal health management; one cannot rely entirely on external guarantees. The exchange's own high regard for and awareness of security are essential to effectively prevent risks and remain undefeated in long-term development.Justin Sun introduced that for Huobi HTX, user security is very important. Therefore, they always follow up on crypto security incidents promptly, understanding the principles and methods of hacker attacks to implement effective prevention. At the same time, Huobi HTX has also collaborated with numerous white hat teams to conduct offensive and defensive testing, enhancing their security capabilities.
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