The post Buterin Silences Speculation About Layer-2 Stealing User Funds appeared first on Coinpedia Fintech News
The co-founder & CEO of Helius sparked off a heated debate on X implying that every major layer-2 can ‘technically steal user funds.’ However, Buterin clarified that they cannot unilaterally steal funds since there needs to be an extraordinarily high level of consensus. A security council oversees a chain in case of some issues with governance execution, which is supposed to have at least a 75% vote threshold. At least 26% of the council members should not be associated with the company behind a certain layer-2 solution. Buterin noted that both Arbitrum and Optimism comply with it, so the idea of layer-2s stealing user funds appears unlikely.