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.