A single multisignature crypto wallet with permissions from 12 different blockchain networks could potentially lose $121 million if compromised. The networks, including Zora, Aevo, Hypr, Orderly, Ancient8, Lyra, Mode, Pgn, Parallel and Metal, were all created using the Conduit rollup creation software. However, Conduit founder Andrew Huang assures that the wallet can't transact without three of five signatures from the team, stored on hardware wallets. The system will be upgraded to a five out of seven multisig in the coming weeks to further reduce centralization risk. Critics argue that Layer 2 networks are too centralized and hinder mass crypto adoption.