TechFlow reported, citing Cointelegraph, that a multi-signature crypto wallet holds control across 12 different blockchain networks, meaning if this wallet were compromised, funds across all 12 networks could be drained, potentially resulting in losses of up to $121 million.
According to data shared by L2Beat researcher Luca Donno on X on May 19, the affected networks include Zora, Aevo, Hyper, Orderly, Ancient8, Lyra, Mode, Pgn, Parallel, and Metal—all built using Conduit's rollup creation software.
However, Conduit founder Andrew Huang told Cointelegraph that transactions from the wallet cannot be executed without three out of five team signatures. He added that the private keys for these signatures are stored in hardware wallets, and compromise would require a "physical attack on three out of five individuals."
