Bybit CEO Ben Zhou stated that the exchange is committed to utilizing all possible methods to recover stolen funds. These efforts include launching a bounty program for individuals assisting in the return of the funds, collaborating with law enforcement agencies, and engaging with the Ethereum Foundation to explore potential solutions. During a Feb. 22 X Spaces session, Zhou was questioned about his stance on rolling back the Ethereum blockchain to a state prior to the Feb. 21 Lazarus Group hack, which would nullify the stolen funds. Zhou responded by emphasizing that such a decision should not rest on a single individual, suggesting that a community voting process might align better with the spirit of blockchain governance. However, he expressed uncertainty about the feasibility of this approach. The Ethereum blockchain underwent a rollback after the 2016 DAO hack, which resulted in approximately $60 million worth of ETH being drained from The DAO. This incident led to a hard fork, splitting the Ethereum blockchain into Ethereum Classic (ETC), which retained the illicit transactions, and the proof-of-stake chain now recognized as the main Ethereum (ETH) network. According to onchain analytics firm Lookonchain, the Lazarus Group currently possesses around 489,395 ETH, valued at roughly $1.3 billion, along with 15,000 Mantle Restaked ETH (cmETH) spread across 54 wallets. The group, allegedly linked to North Korea, has been transferring the stolen funds between wallets to obscure their origins and launder the assets onchain. On Feb. 22, Bybit introduced a 10% bounty program, offering up to $140 million, for white hat hackers aiding in the recovery of the stolen cryptocurrency. Ben Zhou also expressed gratitude to industry firms and executives for their support following what is considered the largest crypto hack in history. Tether CEO Paolo Ardoino announced that the stablecoin issuer froze 181,000 USDt (USDT) after the hack, while Bitget CEO Gracy Chen confirmed that the exchange would block transactions from wallets associated with the Lazarus Group. — news from Cointelegraph