Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
L2BEAT releases Blast security report: The team has no restrictions on the use of funds or puts users at risk

L2BEAT releases Blast security report: The team has no restrictions on the use of funds or puts users at risk

CointimeCointime2024/03/06 13:02
By:Cointime

L2BEAT, an open-source, non-profit analysis and research platform dedicated to L2 expansion solutions, released a security report on Blast. The report states that Blast is a Stage 0 Optimistic Rollup based on OP Stack. Its core feature, which is also the main difference from other Rollups, is that their investment policy is to keep assets in bridge custody to generate additional revenue. This is achieved by using tokens deposited in the L1 bridge in various investment strategies. This means that users now face the risk of these investments. If everyone wants to withdraw their funds immediately, Blast may not be able to meet the demand. It is worth noting that although the current investment strategy seems very conservative and safe, the Blast team has no restrictions on how these assets are used. This means that they may be allocated to other high-risk strategies or may be abused by malicious actors, resulting in users facing the risk of losing their funds.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!