{"id":151772,"date":"2025-02-24T18:00:25","date_gmt":"2025-02-24T16:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151772"},"modified":"2025-02-24T16:29:43","modified_gmt":"2025-02-24T14:29:43","slug":"crypto-expert-mike-novogratz-opposes-ethereum-fork","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-expert-mike-novogratz-opposes-ethereum-fork\/","title":{"rendered":"Crypto Expert Mike Novogratz Opposes Ethereum Fork"},"content":{"rendered":"

Novogratz, who oversees<\/a><\/strong> one of the largest crypto investment firms, praised Bybit’s swift and effective handling of the situation but expressed concerns over the growing threat of state-sponsored cybercrime.<\/p>\n

Some industry leaders have suggested using a blockchain rollback to reverse the Ethereum<\/a><\/strong> theft, similar to the 2016 Ethereum DAO hack, but Novogratz firmly opposed this idea.<\/p>\n

He emphasized that Lazarus has been targeting various cryptocurrencies for years, including Bitcoin and Ethereum, and a rollback would set a dangerous precedent.<\/p>\n\n

While Novogratz acknowledged Bybit\u2019s significant loss, he believes that the focus should be on pressuring North Korea to halt its cybercrime activities rather than altering the Ethereum network.<\/p>\n

He stressed that the 2015 Ethereum hard fork was a product of a very different crypto landscape and that the industry is now mature enough to handle such attacks without resorting to drastic measures like network changes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mike Novogratz, the billionaire CEO of Galaxy Digital, has called on global authorities to take stronger action against Lazarus, the North Korean hacking group behind the massive $1.4 billion Ethereum theft from Bybit.<\/p>\n","protected":false},"author":3,"featured_media":32670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-151772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"\nCrypto Expert Mike Novogratz Opposes Ethereum Fork<\/title>\n<meta name=\"description\" content=\"Mike Novogratz, the billionaire CEO of Galaxy Digital, has called on global authorities to take stronger action against Lazarus, the North...\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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