Only a few months have passed in 2025, and the Layer 2 ecosystem has already been hit with over 500 million dollars in losses due to security vulnerabilities.
cmETH on Mantle was attacked, and a $12 million hook vulnerability exploded during the deployment of Uniswap V4—there's a common point behind these incidents: they all fell victim to blind trust in "fast probabilistic finality."
Speed is a good thing, but when the security foundation is not solid, attackers find an opportunity. Many L2 projects compromise on finality design in pursuit of transaction speed, resulting in these vulnerabilities being precisely exploited by hackers.
Looking at Hemi's approach from a different perspective. It directly uses Bitcoin as the settlement layer, anchoring the state to Bitcoin's proof of work through the PoP (Proof of Proof) mechanism. What does this mean? About 90 minutes later, the finality of the transaction reaches a level that attackers can hardly shake.
This is a balancing game. Some ecosystems pursue the ultimate speed experience, while Hemi chooses to prioritize security. After all, in the crypto world, lost money cannot be recovered.
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ZkProofPudding
· 12-02 00:08
I just want to ask, when will the $500 million hole be filled? Or will it just be left unfinished like this?
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RebaseVictim
· 12-01 13:53
It's the same old speed vs safety trap; every time someone has to get hurt before they remember this.
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CoffeeNFTs
· 12-01 13:53
Is a 500 million dollar hole still not deep enough? Do we have to dig it again?
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Speed and security really are like a fish and bear's paw, but who waits 90 minutes these days?
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The hacker is laughing, the L2s are each digging their own graves.
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I have to admit Hemi's move, sacrificing speed for security, at least the coins in the wallet are still there.
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Another bunch of project parties gambling with our money, impressive.
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To put it bluntly, making money is the priority, security is treated like a stepmother.
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90 minutes vs trapped, I choose not to lose money.
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This is why I still hold Bitcoin, simple and straightforward.
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The L2s have bled out this year, all thanks to those greedy developers.
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just_another_wallet
· 12-01 13:50
Ah, it's gone, 500 million, I thought my losses were already big enough.
Security and speed simply cannot coexist; L2 is just a casino now.
Hemi's approach to Bitcoin anchoring is indeed stable, but 90 minutes is a bit painful.
To be honest, the project party is either greedy or incompetent; I can't see a third possibility.
In this circle, fast = fragile, slow = survival, simple logic.
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MetaverseHomeless
· 12-01 13:37
It's really outrageous, 500 million dollars just disappeared like that. The L2s are really gambling with users' hard-earned money for speed.
That's why I insist on hoarding Bitcoin, simple and straightforward is the way to go.
Hemi's idea has some merit, although waiting for 90 minutes is a bit annoying, at least I can sleep soundly.
Those hasty L2s really should be woken up. What are they still bragging about with their second-level confirmations? Money's gone, people are gone.
Speed and security are like a choice between fish and bear's paw; it seems we really have to choose one.
I just want to ask those hacked projects, have your security audits been fed to the dogs?
If I were to start an L2, I would definitely choose the Hemi route. After all, the fast money has all been earned by hackers, so it's better to be a bit more prudent.
Only a few months have passed in 2025, and the Layer 2 ecosystem has already been hit with over 500 million dollars in losses due to security vulnerabilities.
cmETH on Mantle was attacked, and a $12 million hook vulnerability exploded during the deployment of Uniswap V4—there's a common point behind these incidents: they all fell victim to blind trust in "fast probabilistic finality."
Speed is a good thing, but when the security foundation is not solid, attackers find an opportunity. Many L2 projects compromise on finality design in pursuit of transaction speed, resulting in these vulnerabilities being precisely exploited by hackers.
Looking at Hemi's approach from a different perspective. It directly uses Bitcoin as the settlement layer, anchoring the state to Bitcoin's proof of work through the PoP (Proof of Proof) mechanism. What does this mean? About 90 minutes later, the finality of the transaction reaches a level that attackers can hardly shake.
This is a balancing game. Some ecosystems pursue the ultimate speed experience, while Hemi chooses to prioritize security. After all, in the crypto world, lost money cannot be recovered.
Which balance will you choose?