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Can the Ethereum blockchain roll back transactions? Understanding the limits and risks

cryptoweekly by cryptoweekly
February 28, 2025
in bitcoin, News
0

Ethereum rolling back transactions post-Bybit hack is technically infeasible. It has grown into a vast and complex network, and the repercussions of a rollback would be enormous.

In blockchain, a rollback refers to reversing its history to counter a disastrous event, such as big hacks threatening to disrupt the ecosystem, the discovery of critical protocol bugs or centralization risks of network integrity.

The Bybit hack, which resulted in a staggering $1.46 billion loss, has triggered a demand regarding a rollback of affected transactions on Ethereum. 

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  • Fake JD stablecoins, scammers impersonate Solana devs: Asia Express
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  • WhiteRock founder to be extradited over $30M ZKasino case — ZachXBT
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