From Cointelegraph: 2024-05-21 21:48:20

A wallet holds upgrade permissions for 12 Ethereum scaling networks, requiring three signatures for transactions, preventing unauthorized access. Conduit founder Andrew Huang highlights the challenge of physical attacks needed to access the wallet. Security measures in place to prevent unauthorized transactions on the network.

Read more at Cointelegraph: Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M