Oh, how the winds of fortune have shifted for our beleaguered Ethereum! Samson Mow, the resolute custodian of Bitcoin, has taken it upon himself to propose a revival of the Ethereum chain, a call echoed like the songs of a nightingale from the treetops after North Korean hackers danced with glee, pilfering a staggering $1.4 billion worth of digital gold from the Bybit exchange. 😱💰
As if with a flourish only the most ardent of Bitcoin maximalists could muster, Mow’s tweets have spiraled through the digital ether, delightfully taunting Ethereum’s own Vitalik Buterin. They regale him with the notion of ‘discussing the best way to roll back Ethereum,’ their banter a curious blend of jest and seriousness worthy of a Russian drawing-room comedy. 🤭
As @VitalikButerin & I discuss the best way to roll back the Ethereum chain, it’s best for everyone to stop trading ETH.
Given that the rolled back chain will have the ticker $ETH, it’s prudent to rename the current one to $ETHNK, which I believe Supreme Leader Kim Jong Un will…
— Samson Mow (@Excellion) February 22, 2025
The Grand Proposal for Ethereum’s Return
Mow, with his customary fervor, has rebuked Ethereum’s supposed centralization, flanked by fellow Bitcoin zealots such as Max Keiser. They’ve orchestrated a melodious series of tweets lamenting Bybit’s unfortunate hack, a tale worthy of Pushkin’s prose. With the gravity of a scholar at a bar, Mow espouses rolling back Ethereum in hopes of reclaiming the lost ETH, fearing it may find its way to funding nuclear merriment in North Korea. Oh, the irony! 🎭
Allowing $ETHNK to proliferate is allowing an injection of $1.4B dollars into the North Korean nuclear weapons program.
We must roll Ethereum back. Restore $ETH now!
— Samson Mow (@Excellion) February 22, 2025
In a duet that would make the Bard proud, Mow and the ever-enthusiastic @SolveMaxwell declared their urgent discussions with dear Vitalik on the matter of Ethereum’s redemption, passionately urging everyone to cease trading ETH, lest they become unwitting accomplices to this grand tragedy. The potential birth of an ethereal form dubbed ETHNK (North Korea, no less!) looms, as if conjured from the ether of absurdity. 🔮
Wisely, Mow suggested that while we’re at it, we might as well tweak EIP-1559 to mend the deflationary mechanism—a jolly little soirée of crypto resurrection!
A Collective Embrace of Support for Bybit
Looking back to the annals of history, we recall the first Ethereum rollback in the fabled year of 2016, when the Ethereum DAO met its untimely demise, resulting in a hard fork and the rise of Ethereum Classic (ETC). Ah, nostalgia! 🕰️
MEXC hot wallet transferred 12,652 stETH (about 33.75 million USD) to Bybit cold wallet. Bybit should have received 64,452 ETH (about 170 million USD) in loan support from Bitget, an institution that withdrew funds from Binance, and MEXC. In addition, a whale or institution…
— Wu Blockchain (@WuBlockchain) February 22, 2025
As the crypto sphere quakes, major exchanges have rallied like knights in shining armor, sending liquidity to Bybit with Binance, MEXC, and Bitget topping their chivalrous charges. With transfers reaching a princely sum of 50,000 ETH, 12,652 stETH, and 64,452 ETH in loans, the saga of Bybit continues. What a time to be watching the world of crypto unfold!
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2025-02-22 11:12