Co-founder of Avalanche blockchain, Emin Gün Sirer, has raised an alert on the infiltration of certain layer-2 solutions, which poses risks to investors. In an X post on March 23, the Ava Labs boss expressed concerns over these “trash” projects while educating users on several of their common characteristics.
Hey y’all,
We all ignored the huge red flags associated with SBF because “he looked smart” and “he made a lot of money.” Then it turned out that he was dumb as rocks, was a sociopath, and was just stealing our money.
The next cycle is going to be even more noisy, with even…
— Emin Gün Sirer (@el33th4xor) March 23, 2024
Related Reading: Blasted By Deception: Layer 2 Project Suffers 500 ETH Rug Pull Onslaught
Red Flags To Watch For In L2 Projects – Avalanche Co-founder
According to Gün Sirer, the rise in substandard L2 projects represents the next big hazard in the crypto ecosystem following the crypto exchange heist pulled off by former FTX founder and
We współpracy z: https://bitcoinist.com/avalanche-emin-gun-sirer-warns-of-risky-l2-projects/
