Crypto investments fund founder says Polygon is ‘highly insecure & centralized’
Cyber Capital founder Justin Bons described Polygon (MATIC) as “highly insecure & centralized,” claiming only five people are needed to compromise over $2 billion in the ecosystem. According to Bons, five keys are needed to compromise the network, and four are held by its founders. Polygon also chose the remaining key holders.
Bons continued that whoever controls the keys can change the rules and do anything within the ecosystem, including an exit scam where they can take all the $2 billion in the Polygon contract. Bons also criticized Polygon’s transparency report, saying it only justified the multisig and didn’t discuss operational security. Bons recommended that Polygon should become decentralized by following its state of governance report.
Source
https://t.me/CryptoMarketUpdates
