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Conduit has held the private keys of the Degen L3 rollup for several months, and Degen may need to restart or fork a new chain.

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Nov 7, 2024

According to Wu, Degen tweeted that Conduit has withheld the private keys for the Degen L3 rollup for several months, and Degen may need to restart or fork a new chain. Degen stated that previously, Conduit pushed a faulty upgrade without notification, leading to 54 hours of downtime and a loss of 160 thousand dollars in user funds. However, Conduit subsequently refused to take responsibility, denied requests for upgrading the chain, withheld sorting fees, and demanded a new contract to exempt themselves from liability.

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