ETHSecurity Community

@soneium getting a bad rep on day one. 
Just another reminder that L2 native tokens don't inherit Ethereum security comparable to Ether. 

After what happened with PGN, and now @soneium, devs beware, the only future proof assets on an L2, are assets that can force exist back to the L1.

😑

.@soneium rugged users &gt;$100k in ETH on launch day

I've never seen anything like it

Want to be a permissioned chain? fine. Instead of whitelisting developers, they chose to instead freeze contracts (effectively rugging users)

Amazing launch! https://t.co/OYWEb7Wiwg

Kawz

@soneium getting a bad rep on day one. 
Just another reminder that L2 native tokens don't inherit Ethereum security comparable to Ether. 

After what happened with PGN, and now @soneium, devs beware, the only future proof assets on an L2, are assets that can force exist back to the L1.

😑
https://x.com/0xKawz/status/1879032105767928026?t=JxYaPIS5ALUS3tf52qC-7g&s=19

Depin Dev hosting /m3ter-heads & building M3tering protocol on Gnosis.
Spread the word; P2P energy is now as real as P2P money
https://m3tering.whynotswitch.com

Wow, this is a good reason why it's better to launch your native tokens on an L1.