Bitcoin Enthusiast Proposes Ethereum Chain Rollback Post $1.4B Bybit Cyber Heist

Samson Mow, a staunch Bitcoin supporter, has suggested a rollback of the Ethereum (CRYPTO: ETH) blockchain. This comes in the wake of a massive $1.4 billion theft from the cryptocurrency exchange Bybit, reportedly orchestrated by North Korean hackers.

What Happened: In a post on X, Mow proposed that Ethereum, the dominant smart contract platform in terms of volume, should execute a hard fork. The aim is to return the purloined funds to Bybit and hinder the North Korean government from exploiting the stolen assets.

Mow expressed his support for the rollback of Ethereum’s chain, stating, “I fully support rolling back Ethereum’s chain (again) so the stolen ETH is returned to Bybit and also to prevent the North Korean government from using those funds to finance their nuclear weapons program.”