According to Odaily, Justin Bons, the founder of Cyber Capital, has voiced concerns about the top 10 Layer 2 (L2) platforms based on market capitalization. He argues that these platforms represent a centralized dystopian nightmare due to their potential misuse of multi-signature capabilities.
Bons pointed out that platforms such as Arbitrum, Base, Optimism, Blast, ZKsync Era, Linea, Mantle, Scroll, Starknet, and Manta Pacific could potentially misuse multi-signature capabilities to steal all user funds. He further explained that authorized proposers on these platforms could also exploit these capabilities, and centralized operators could take advantage of Miner Extractable Value (MEV). In addition, centralized sorters and validators could potentially censor and freeze all user funds.
For instance, on the Blast platform, if there is insufficient liquidity on the bridge, user funds could be frozen. Similarly, on the Mantle and Manta Pacific platforms, if external data is unavailable, user funds could be lost. These platforms also have centralized validators who could freeze all funds.
Bons' comments highlight the potential risks associated with the centralization of L2 platforms. His concerns underscore the need for more decentralized systems to ensure the security and integrity of user funds. The potential misuse of multi-signature capabilities and the ability for centralized operators to exploit MEV are significant concerns that need to be addressed to ensure the safety and security of these platforms.