The attack on the multi-signature wallet created based on Conduit may cause 12 L2 networks to lose $121 million

A multisignature encrypted wallet has licenses for 12 different blockchain networks. This means that if the wallet is stolen, funds from all 12 networks could be depleted, resulting in a potential loss of $121 million. According to data shared by L2Beat researcher Luca Donno with X on May 19, these networks include Zora, Aevo, Hypr, Orderly, Ancient8, Lyra, Mode, Pgn, Parallel, and Metal, all of which use Conduit rollup software. However, Conduit founder Andrew Huang stated that the wallet cannot be used for transactions without three of the five team signatures. He said that the private keys for these signatures are stored in hardware wallets and that compromising them would require a physical attack on 3 out of 5 individuals.