BREAKING
105d 1h ago

Solana Co-Founder: L2 Promises Fall Short as Upgrade Multisig and Cross-Chain Bridge Risks Endanger Users

SOL

SOL/USDT

$88.53
+2.64%
24h Volume

$3,875,175,794.90

24h H/L

$89.20 / $86.02

Change: $3.18 (3.70%)

Long/Short
76.5%
Long: 76.5%Short: 23.5%
Funding Rate

-0.0160%

Shorts pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$88.49

1.03%

Volume (24h): -

Resistance Levels
Resistance 3$113.8728
Resistance 2$100.5725
Resistance 1$93.5288
Price$88.49
Support 1$87.525
Support 2$81.3658
Support 3$67.50
Pivot (PP):$87.9733
Trend:Downtrend
RSI (14):30.8

COINOTAG News reported on Oct 27 that Solana co‑founder Toly joined a social media discussion, warning that Layer 2 promises often outstrip what is deliverable.

He argued that a secure, high‑performing L2 stack remains unlikely given code complexity and large attack surfaces, pushing projects toward an upgrade multisig model that can undermine initial security guarantees.

In a worst‑case scenario, these designs mirror Wormhole, where a multisig could drain funds from a cross‑chain bridge.

By contrast, Sui validators cannot act unilaterally; overnight patches would be rejected by major nodes, potentially pausing the network. For users, this flags elevated cross‑chain risk.

Investors should monitor audits, governance updates, and bridge controls as interoperability remains important but requires disciplined risk management.

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