Comment

Comment by shakow

No. The last time this happened, it led to the Ethereum/Ethereum classic split, and that was 10 years ago.

However, the stablecoins are not “real” cryptocurrencies like e.g. BTC or ETH, but are built as smartcontracts on top of ETH, basically using it as a big replicated database. So they might(?) just manually “give back” the money to Binance, as in freezing money in the stolen account forever and “printing” an equal amount to Binance's credit.

Or, to put it in another way, no need to reverse an erroneous SQL transaction if you can just create a new one that fixes the data you altered.

parent shakow 12 days ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton