A multi-signature crypto wallet has a license to 12 different blockchain networks, which means that if this wallet is compromised, all 12 networks could be drained of funds and losses could reach $121 million. According to data shared to X by L2Beat researcher Luca Donno on May 19, these networks include Zora, Aevo, Hypr, Orderly, Ancient8, Lyra, Mode, Pgn, Parallel, and Metal, all of which were created using Conduit rollup creation software.
However, Conduit founder Andrew Huang says the wallet cannot conduct transactions without three of the team's five signatures. The private keys for these signatures are stored in hardware wallets, he says, and compromises can only be achieved by physical attacks on three-fifths of individuals.
Multi-signature wallet created based on Conduit was attacked or caused 12 L2 networks to lose $121 million
2024-05-22 02:08:50
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