Ethereum L2 Security Under Fire: Solana’s Yakovenko Raises Concerns

Solana co-founder Anatoly Yakovenko has reignited debate surrounding the security of Ethereum Layer 2 (L2) networks, suggesting they face comparable risks to cross-chain bridges like Wormhole. He argues that most L2 protocols rely on upgradeable multisig contracts, which can be compromised if signers collude or are attacked, potentially exposing users to similar vulnerabilities as seen in past bridge exploits. Yakovenko’s claim casts doubt on the effectiveness of decentralization promises associated with these Layer 2 solutions.