BREAKING
103d 8h ago

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

SOL

SOL/USDT

$91.32
-6.63%
24h Volume

$9,049,078,782.26

24h H/L

$98.25 / $89.30

Change: $8.95 (10.02%)

Long/Short
81.8%
Long: 81.8%Short: 18.2%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$90.24

-2.03%

Volume (24h): -

Resistance Levels
Resistance 3$118.9258
Resistance 2$102.1136
Resistance 1$92.1567
Price$90.24
Support 1$89.2429
Support 2$82.6522
Support 3$58.7272
Pivot (PP):$90.9367
Trend:Downtrend
RSI (14):23.8

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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