Blast, which has managed to attract the attention of cryptocurrency investors in recent days, has come to the fore with its suspicious ownership structure behind it.
Polygon (MATIC) developer Jarrod Watts, paradigm Noteworthy about Blast, which is funded by investment giants such as in the statements found. Has basic development and modification authority over the Watts Blast protocol multi-signature (multi-sig) their wallets 5 wallets He said that these wallets were controlled by and that these wallets were new unidentified wallets:
There are 5 signatories in the Safe contract, which is the owner of the Blast contracts. This means that a majority, i.e. 3/5 signatories, is required to execute transactions on behalf of this Safe agreement. All 5 of these are fairly new wallets with unknown owners.
Such a situation comes with an unknown brings risks The defending developer stated that the 5 wallets in question can change the protocol whenever they want.in malicious activitiesHe suggested that it could be found.
According to DeFiLlama data, users deposited assets to Blast, which exceeded the total asset value (TVL) of 380 million dollars. staking took action for the transaction. March Ethereum Layer 2 (L-2) network Blast, which is expected to be activated in 2020, continues to attract investors with its mysterious structure.
The protocol currently only accepts cash inflows and Deposited funds cannot be withdrawn. Withdrawals from the platform will be processed next year February It will start after the mainnet goes live in 2020.
The founder of on-chain security firm SlowMist also told Blast 3/5 multi-signature authority without time limitation confirmed that it is in a limited number of anonymous wallets.
Recently, scammers impersonated Paradigm founder Matt Huang. Financial loss of $130,000 It had led.