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Judge blocks OPM, Education Department from sharing personal info with DOGE: Guest Post by Cryptopolitan_News

A federal judge has temporarily barred the Department of Education and the Office of Personnel Management (OPM) from sharing sensitive personal information with the Department of Government Efficiency (DOGE). The ruling was made due to concerns that the data-sharing...

Qubetics, Tezos, and Gala: Which Is the Best Altcoin to Invest in Now?: Guest Post by TNYR

The crypto market is moving fast, and if you’re looking for the best altcoins to invest in now, you’ve got options. Three projects are making waves: Qubetics, Tezos, and Gala. Each brings something unique to the table, but which one is the best fit for your investment...

Kansas Town Rocked by Former Banker Who Was Duped by $47,100,000 Crypto Scam: Report

The ex-CEO of a small bank reportedly sent shockwaves through a small American community when he fell for an elaborate crypto scam, causing over $47 million in damages and wiping out generational wealth.

TradFi Industry Asks David Sacks To Include Federal Banking Agencies in President’s Working Group on Crypto

A network of groups representing the American financial industry is calling on the White House's crypto czar David Sacks to include federal regulators in the President's Working Group (PWG) on digital assets.

Changpeng Zhao Reveals Massive Personal Crypto Portfolio – Here’s His Holdings

Binance founder Changpeng Zhao (CZ) has revealed the breakdown of his crypto investment portfolio, showing one asset is by far his largest holding.

Citadel Securities said to explore jump into crypto trading (BTC-USD:Cryptocurrency)

Ken Griffin's Citadel Securities, the market-making powerhouse, is switching from a cautious stance to embracing crypto as President Donald Trump's administration embraces the digital asset class, according to a media report on Monday.

Urgent Crypto Alert: Binance Hot Wallets See Significant $34.3M ETH Withdrawals in One Hour – What’s Happening?: Guest Post by ItsBitcoinWorld

In the fast-paced world of cryptocurrency, even the slightest movements can send ripples through the market. Recently, eagle-eyed crypto analysts spotted a significant event unfolding at one of the largest crypto exchanges globally – Binance. Let’s dive into the...

The Best Meme Coin Presales to Buy Now Feature BTFD Coin’s Insane Staking APY [Dive Into 2 More Cryptos Worth Your Investment!]: Guest Post by BlockchainReporter

BTFD Coin’s 90% APY staking and explosive presale growth make it a top pick, while Pudgy Penguins and Pepe Coin add strong NFT and legacy value to meme crypto.

Crypto’s Next Legendary Ride? Arctic Pablo Coin’s 1000x Path Starts NOW! AI Companions Rallies and Dog (Bitcoin) Surges 25% : Guest Post by Optimisus

Arctic Pablo Coin (APC) is a meme coin with an adventurous narrative, where each presale phase represents

BTFD Coin Could Be the Best Meme Coin Presale to Buy Now as Dogecoin Drops 5% Amid the Musk-Inspired Rise of Dogefather: Guest Post by CoinsProbe

BTFD Coin is the best meme coin presale to buy now, with a 90% APY staking reward, a doubling bonus, and a 3650% ROI potential. Don’t miss out!
Ethereum ‘Roll Back’ Suggestion Has Sparked Criticism. Here’s Why It Won’t Happen

Ethereum ‘Roll Back’ Suggestion Has Sparked Criticism. Here’s Why It Won’t Happen

On Friday, cryptocurrency exchange Bybit was allegedly hacked by North Korea’s Lazarus group, which drained nearly $1.4 billion in ether (ETH) from the exchange.

STORY CONTINUES BELOW

Following the hack, Arthur Hayes, BitMEX co-founder and claiming to be a major ether (ETH) holder, wrote a post on X to Ethereum co-founder Vitalik Buterin on whether he will “advocate to roll back the chain to help @Bybit_Official.” Meanwhile, in an X spaces session, Bybit’s CEO Ben Zhou revealed that his team had also reached out to the Ethereum Foundation to see if it was something the network would consider, noting that such a decision should be based on what the network’s community wants.
Hayes’s post immediately provoked a fierce reaction from the Ethereum community, which was firm in its belief that it wouldn’t happen. Some even questioned whether the BitMEX founder was joking. CoinDesk reached out to Hayes over X to clarify his comments.

Ethereum members, like the core developer teams, are vastly against “rolling back” the network because it would override core elements of decentralization. If Buterin decided on his own that it would happen, then that would be seen as the end of Ethereum’s ethos, which heavily involves various developer teams and other community members when it comes to the health and state of the blockchain.
“Rolling back the chain would give ETH no purpose. What’s the point if you can just change rules,” said user @the_weso in a post on X.
Some outside the Ethereum community pointed to the 2016 DAO hack as an example when $60 million in ETH was stolen. The network went forward with a hard fork, splitting the old network into two, and the new chain continued on as Ethereum.
That hard fork was not a “rollback,” though; it was known as an “irregular state transition.” Ethereum technically can’t “roll back” the network because it relies on an account model, where accounts hold users’ ETH.
At the time of the hack, developers upgraded their nodes to a new client or software. Those who didn’t upgrade their nodes were still on the old chain, which became known as Ethereum Classic.
When the nodes upgraded to the new software, the stolen ETH could move from one Ethereum account address to the next.
“The ‘irregular state change’ that they implemented at the time of the DAO hard fork was this: they airlifted all the ETH in the DAO smart contracts out to a refund contract that would send you 1 ETH for every 100 DAO tokens you sent in,” wrote Laura Shin of Unchained in a post on X.

Read more: Arthur Hayes Floats the Idea of Rolling Back Ethereum Network to Negate $1.4B Bybit Hack, Drawing Community Ire

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