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

After the hack, Arthur Hayes, Bitmex co-founder, and claimed to be a large ether (ETH) proprietor, a post of X to Ethereum-Medfinder Vitalik Bariner about whether he wants to “go in to roll back the chain to help @bit_official. “Meanwhile, Bybit’s CEO Ben Zhou revealed in an X Spaces session that his team had also reached an 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.

Haye’s post immediately provoked a tough reaction from the Ethereum community, which was firmly in its belief that it would not happen. Some even questioned whether the Bitmex founder joked. Coindesk reached out to Hayes over X to clarify his comments.

Ethereum members, like the core developing teams, are far against “rolling back” the network because it would override core elements in decentralization. If butterin on its own decided it would happen, it would be seen as the end of Ethereum’s ethos, which strongly involves different developer teams and other members of the community when it comes to Hlockchain’s health and condition.

“Rolling back the chain would give ETH no purpose. What is the meaning if you can just change rules, ”said user @the_weso in a post on X.

Some outside the Ethereum community pointed to Dao Hack 2016 as an example when $ 60 million in Eth was stolen. The network went forward with a hard fork, dividing the old network into two, and the new chain continued as Ethereum.

However, the hard fork was not a “rollback”; It was known as a “irregular state transition.” Ethereum technically cannot “scroll back” the network because it depends on a account model where accounts keep users’ ETH.

At the time of hacked, developers upgraded their nodes to a new client or software. Those who did not upgrade their notes were still on the old chain known as the 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 Dao Hard fork was this: they lifted all ETH in the DAO SMART contracts for a refund contract that would send you 1 eth for every 100 dao -tokens you sent in, “Laura Shin wrote from Unchained in a post on X.

Read more: Arthur Hayes floats the idea of