Cyber Capital Founder: most Ether L2s are centralized and have the ability to transfer user funds without restriction
Justin Bons, founder and chief investment officer of European cryptocurrency fund Cyber Capital, has once again criticized the operation of Ether L2 solutions. In a recent X post on Saturday, Bons labeled these blockchain platforms, which are designed to increase the scalability of the Ether network, as dangerous because of their ability to move users' money without restriction. Justin Bons said that most major Ether L2 solutions are centralized, with a single server typically responsible for running the platform's operations. This design goes against Cypherhunk's principles of decentralization and security, and is harmful to investors because these chains could collapse at any time due to a single event, and could even be manipulated to steal users' funds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Franklin Templeton Bitcoin ETF address received 57.987 BTC from CEX yesterday
The TVL of Swell's swBTC has broken through 30 million US dollars
Bellaire BUIDL Fund transferred 300,000 USDC to the Ondo Finance address