Arthur Hayes hover the idea of ​​rolling back Etherum network to deny 1.4B from $ bibit hack, drawing the IRE community

Correction (22. February 19:16 UTC): It processes the story throughout to clarify and include more contexts of the so-called “return” and criticism around it. He also removed the percentage of ETE holding hackers in 2016 years).

Arthur Hayes, co-founder of Bitmek and Chief Ethraum, asked Etherum Co-founder Vitalik Baterin if he was willing to have an idea to return the net, which has lost almost 1.4 Billions of dollars (ETH) on Friday.

“@ Vitalikbuterin Will you advocate to return the chain to help @ Gibit_official,” Haies told Social Media mail.

“My own views as Elg Mega $ $ 1 stopped money in 2016. After giving Hack Hardfork. If the community wanted to do it again, I would support it because we’ve already voted about the impermeable measure ? “He added

Baterin has yet to answer the time of publication.

While some, including Sonneine Laura ShinHe wondered if Hayes’ Post Joke, it became a serious question about whether the door was even feasible. Coindesk reached Hayes about the post and did not receive a comment at the time of writing.

“I’d like to get back for the hack, I’m not against the idea. But Hack was 15% of the recovery path. Today he would break bridges, Stablecoins, L2, | much more. Ecosistem is now Too interconnected for a pure solution like 2016, “Gautham Santhosh said, co-founder polynomial.fi.

The problem with “back”

Haies’ suggestions to throw Blockcain as one of the potential ways to solve hacking involves reverting the blockage into a condition before a certain event, in this case, in this case, Hack. In this way, a malicious transaction resulting from haka can be deleted, efficiently restore lost or stolen funds. Implementation of return return is required by consensus from network participants.

For example, 2016 year, Etherum network saw a Controversial audit Networks using a hard fork to undo 60m dollars of $ 60 million from Dao (percentage of hackers took control It’s still for discussion). Hard fork Share the chain in two – Etherum and Etherum Classic.

However, the term “returnee” was never used during this audit; Called “irregular state transition”. This move was still launched by huge and important discussions on the so-called “unproparrent” in the block.

Immutability is a security function that prevents data from change after being added to the BlockCain, which allows for reliable and defects.

Similar controversy took place in the Bitcoin community in 2019. years when Binance General Manager Changpeng Zhao and his team considered pressure to access “back” (The term later reformulated CZ as a “re-org” and decided not to follow access) on the Bitcoin network after a $ 40 million hacker. However, Bitcoin Mining Community criticized The idea of ​​returning to the principle of decentralization and immutability.

Similarly, the Etherum community criticized the idea of ​​”vomiting” in this case, noting that the idea would not be consider by the community.

Theoretically, the actual “return” will not be possible at Ethereum, because the network uses something called “Accounts“To save an ether, which can be analog bank accounts. When Hack 2016 happened, the knots upgraded to new software, and ETH was moved to new addresses.

However, the idea of ​​transaction reversal in the light of hak is not new; At least one smaller Block network, in fact, verikoin executed Such a procedure earlier.

Bibit Hack came to light Friday When Sleuth Zachksbt spotted suspicious outflows of over $ 1.4 billion from exchange, and the attacker quickly swallowed Met and the damage to the ether through decentralized exchange.

Hackers were later identified From Zachkbt as North Korean Lazarus.

The attacker then shared 10,000 em up to 39 different addresses and another 10,000 ETE to nine addresses said Santhosh Polynomial.fi on X.

All Bibit Ben Zhou said If the hacker “took control of a specific EM cold wallet and switched all EM into a cool wallet to this unidentified address.” Zhou confirmed that the exchange of “solvent even if this loss of hacks do not recover”.

Margauk Nijkerk contributed to the revised story.
Read more: Ether price pointed further on the reports of BIBIT starting to buy ETH