On November 7th, Degen officially announced that it has decided to migrate DEGEN L3 in order to move away from the difficulties of the Rollup deployment platform Conduit service. ‘They have been withholding our rollup Secret Key for months, and we may need to restart a new chain.’ DEGEN L3 processes bridge volume of over $200,000 per day. Without notice, Conduit pushed a bad upgrade, resulting in 54 hours of downtime and causing a loss of $160,000 in user funds. Subsequently, the bridge volume dropped by over 75% in the following month. After the incident, Conduit refused to take responsibility for the community’s losses, rejected Degen’s chain upgrade request, withheld sequencer fees, and demanded the signing of a new contract to avoid liability. Since early August, the Degen team has been working hard to reach a solution with Conduit to migrate the hosting service of DEGEN L3, and it has now been confirmed that Conduit has not been sincere in its cooperation.
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