CoinVoice recently learned that Degen officials posted on social platforms that they decided to migrate DEGEN L3 to get away from the difficulties of the Rollup deployment platform Conduit service. "They have seized our rollup keys for several months, and we may need to restart a new chain."
DEGEN L3 handles over $200,000 of bridge transaction volume per day. Conduit pushed a bad upgrade without notice, which caused 54 hours of downtime and resulted in a loss of $160,000 in user funds. Subsequently, bridge transaction volume dropped by more than 75% in the following month.
After the incident, Conduit refused to be responsible for the community's losses, rejected the Degen chain upgrade request and withheld the sequencer fees, while requiring the signing of a new contract to avoid liability.
Since early August, the Degen team has been working to reach a resolution with Conduit to migrate the DEGEN L3 hosting service, and has determined that Conduit has not cooperated in good faith. [Original link]
