Arthur Hayes, co-founder of BitMEX, has proposed the idea of rolling back the Ethereum network to help Bybit, which recently suffered a significant hack resulting in a loss of approximately $1.4 billion in ether. Hayes, a major ether holder, suggested this rollback could restore lost funds, emphasizing that the Ethereum community had previously revoked its commitment to immutability following the DAO hack in 2016. However, this proposal has raised concerns within the ecosystem, as many believe a rollback could disrupt the intricate and interconnected Ethereum network, jeopardizing stablecoins and layer 2 solutions. Critics argue that the current situation is more complicated than in 2016, when a rollback was executed successfully to recover funds from a DAO theft. With debates ongoing, Vitalik Buterin has yet to respond to Hayes' suggestion, and the broader Ethereum community remains divided on the potential implications of such a rollback on the network's integrity and decentralization.

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