---
title: "Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M"
url: https://diffcoin.com/hack-of-a-single-multisig-wallet-could-drain-12-ethereum-l2s-of-121m/
description: "One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures…"
published: 2024-05-22
updated: 2024-05-22
author: "Mila"
site: "Diffcoin"
---

# Hack of a single multisig wallet could drain 12 Ethereum L2s of $121M

One wallet has upgrade permissions for 12 Ethereum scaling networks, but Conduit founder Andrew Huang says it can’t transact without three signatures which would take a trio of physical attacks.

[Source link](https://cointelegraph.com/news/single-multisig-wallet-hack-could-drain-dozen-ethereum-scalers)