Arbitrum

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Mert Mumtaz, co-founder &amp; CEO at Helius, recently stirred up a heated debate on the X social media platform by suggesting that every major layer-2 can "technically steal user funds."
However, Ethereum founder Vitalik Buterin has <a href="https://x.com/VitalikButerin/status/1829558304516821471" rel="noopener noreferrer nofollow">clarified</a> that they cannot unilaterally steal funds since there needs to be an extraordinarily high level of consensus.&nbsp;&nbsp;
A security council oversees a chain in case of some issues with governance execution. As noted by Buterin, it is supposed to have at least a 75% vote threshold.&nbsp;&nbsp;
Moreover, a substantial portion of the council members (at least 26%) should not be associated with the company behind a certain layer-2 solution.
When it comes to Arbitrum, for instance, a quorum-blocking group gets its members from outside of Offchain Labs, the company behind the layer-2 solution. In such a way, it can remain sufficiently decentralized.&nbsp;
Buterin has noted that both Arbitrum and Optimism comply with such requirements, which is why the idea of layer-2s stealing user funds appears to be too far-fetched.&nbsp;
However, some users are still skeptical whether or not the quorum-blocking subset would actually be inclined to act independently from the company. In response, Buterin pointed to the current members of Arbitrum's security council.&nbsp;
According to cryptocurrency analyst Adam Cochran, users should factor in the multiplicative impact of a council, individual levels of trust that are associated with its members, and their goals and values. It boils down to&nbsp; "how many of those need to break (and to what degree) to get collusion," according to Cochran.&nbsp;
As noted by the analyst, "multi-party, multi-interest councils of diverse stakeholders with track records and public reputation at stake" make it less likely that users' funds could be stolen.&nbsp;

Ethereum's Buterin Shuts Down Speculation About L2s Potentially Stealing Funds

U_Today

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