Cosmos Yu Raises Concerns Over BitmapPunks Project and Ethereum Gas Fees

In a recent statement on X, Cosmos Yu, the founder of SlowMist, addressed concerns regarding the BitmapPunks project, which has been linked to an increase in Ethereum mainnet gas fees. Notably, Yu pointed out that BitmapPunks has not yet open-sourced its smart contract, raising questions about transparency and security within the project. The lack of open-source verification poses potential risks, as investors and users are unable to independently assess the contract’s integrity. Yu emphasized that he has not conducted a thorough examination of these potential risks, suggesting that stakeholders should proceed with caution. As the cryptocurrency landscape evolves, issues around smart contract transparency remain critical for the broader adoption and trust in blockchain projects. Investors are advised to remain vigilant and seek verified information before engaging with any new initiatives in the space.