Lighter's escape hatch just got independently verified: if the sequencer ever dies, you can generate a ZK proof and withdraw directly on Ethereum.
Thanks to @L2beat for the writeup on our fully verifiable and permissionless onchain trading infrastructure.

For the first time, all ZK circuits used by Lighter perp DEX L2 were regenerated from sources by L2BEAT!
Now you don’t have to trust the Lighter team to perform a permissionless emergency exit.
👇Learn more in the thread👇

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South Korea's crackdown on virtual asset crime has officially extended from centralized exchanges (CEXs) to decentralized exchanges (DEXs). For the first time, South Korean prosecutors have initiated investigations into decentralized exchanges under the Virtual Asset User Protection Act…
The article, titled "South Korea Makes First Arrest | _2024111120230_ | Rug Pull Mastermind! CATFI Soars a Thousandfold, 6,000 People BlockTempo and Go to Zero," was originally published on BlockTempo, the most influential blockchain ABMedia media.

South Korea makes its first arrest | _2024111120230_ | Rug Pull mastermind behind cryptocurrency issuance! CATFI surges a thousandfold, 6,000 people who bought in end up with nothing.

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