Ethereum Developer Counters Idea Of Blockchain Rollback Amid Bybit Hack
Ethereum Foundation lead developer Tim Beiko has dismissed the idea of an Ethereum blockchain rollback following the Bybit crypto exchange hack. In a detailed post on X, Beiko explained why such a proposal is impractical and unfeasible. Related Reading: Grayscale’s Ethereum ETF On The Brink Of Major Change With NYSE’s Staking Proposal Ethereum Network Too […]
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In a tight and tense time, NXT has reached out to CCN to inform us and our readers that they will no longer be considering a blockchain rollback. After the BTER cryptocurrency exchange hack and theft of 50 million NXT coins, the community has been waiting for something to happen. This story has evolved from initial theft to ransom, to the hacker not fulfilling their end of the ransom, to bidding wars, to the blockchain rollback being offered and then taken off the table. In the event full of twists and turns, the NXT community stands by and the cryptocurrency world watches as the latest....
On February 21, 2025, the North Korean hacking group Lazarus managed to steal approximately $1.5B worth of Ethereum. Despite the initial whiplash effect, the $1.5B Bybit hack could paradoxically boost the best meme coins in 2025 and beyond. Let’s dig into it. Evidence Emerges of Bybit Hack’s Sophistication Subsequent investigations showed that the hackers used […]
Opal team took back its resolution to rollback the blockchain after recovering 65% of the stolen coins from the hacker. On December 15th 2014, the Opal crew discovered a malicious wallet attack that ultimately cost them around 2.5 million coins . In order to reduce the impact of the hack, the team reached the Opal community with a proposal to rollback the blockchain. A majority of Opal users favored the suggestion and the team consequently made their democratic decision public. Soon after, the hacker contacted the Opal team to negotiate. He subsequently agreed to return a stash of 1.7....
Around $280M of the total of $1.4B lost in the ByBit hack on February 21, 2025, has now become untraceable, reiterating the importance of non-custodial storage options like Best Wallet. Lessons from the Biggest Crypto Theft in History ByBit’s co-founder and CEO, Ben Zhou, was the first to inform the public of the initial breach in […]
In a significant security breach, Bybit, one of the leading cryptocurrency exchanges, found itself at the center of a devastating hack. The attackers made off with a staggering $1.5B worth of ETH, sending shockwaves throughout the crypto space. As crypto continues to gain popularity, incidents like this remind us of the importance of safeguarding our […]