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by lhl 1592 days ago
For those interested in the specific risks of various L2s as they stand, L2Beat has the best overview: https://l2beat.com/?view=risk

While the various L2s are all pretty bleeding edge, the current state/alternative [1] is that a majority of the TVL is being bridged to alternate L1s, where the bridges are also extreme weaknesses [2]. There was the recent $320M Wormhole hack [3], the last record white-hat payout ($2M bounty on $850M at risk with the Polygon Bridge) [4][5], and $2.2B sits on Avalanche's Bridge [6] which is an EOA that is secured by literally 4 SGX machines. [7]

[1] https://defillama.com/chains

[2] https://old.reddit.com/r/ethereum/comments/rwojtk/ama_we_are...

[3] https://wormholecrypto.medium.com/wormhole-incident-report-0...

[4] https://medium.com/immunefi/polygon-double-spend-bug-fix-pos...

[5] https://gerhard-wagner.medium.com/double-spending-bug-in-pol...

[6] https://app.uniwhales.io/avalanche/bridge-tracker

[7] https://medium.com/avalancheavax/avalanche-bridge-secure-cro...