Ben Zhou, the CEO of BitBit, has stated that the exchange will do everything possible to recover the stolen funds. Ongoing efforts include collaboration with legal authorities and negotiations with the Ethereum Foundation to find possible solutions. Plans are also in place to offer rewards to individuals assisting in the fund recovery. However, regarding the decision to restore Ethereum’s blockchain to its pre-February 21 Lazarus Group attack state, Zhou emphasized the need for community consensus rather than individual decision-making. It is essential to remember that following a similar attack in 2016 on Ethereum’s DAO, which resulted in the theft of about $60 million worth of Ethereum, the Ethereum blockchain underwent a hard fork, leading to the creation of Ethereum Classic and the current proof-of-stake network. Despite increasing requests from crypto community members to revert Ethereum to its pre-Lazarus Group attack state, the core Ethereum developers caution that such an action would be highly complex and have far-reaching consequences. Antoni Sassano, an Ethereum expert, shares a similar view, stating that reverting the network in this case is impractical and differs from the DAO attack circumstances. A blockchain expert at Yoga Labz also warns that the cost of such a restoration could far exceed the $1.5 billion lost in the BitBit exchange hack, potentially resulting in users losing assets or individuals profiting without justification. Visit the real-time digital currency price page to monitor the live prices of all tokens and cryptocurrencies.
