Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network despite growing calls from the broader crypto community to do so in the wake of Bybit’s $1.

The world's second-largest crypto exchange Bybit suffered an exploit Friday that saw it drained of about $1.4 billion worth of ethereum and staked ether.

An outflow of 401,346.76 ETH worth $1.5B was noted by on-chain sleuth ZachXBT, which later turned out to be one of the most expensive hacks to date.

Despite growing calls from the crypto industry to roll back the Ethereum network to its pre-Feb. 21 state, before the Lazarus Group’s $1.5 billion hack on crypto exchange Bybit, Ethereum core developer Tim Beiko warns against the idea.

I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.

In the world of cryptocurrency, the recent debate surrounding an Ethereum rollback has sparked significant controversy among developers and users ali

Bybit has fallen victim today to one of the largest crypto hacks ever recorded, with hackers reportedly stealing over $1.4 billion worth of ETH.