Privacy Layer 2 project faces significant risks? Founder’s background raises many questions

[Crypto World] A recently launched privacy-focused Ethereum layer 2 solution has been thrust into the spotlight in the past few days. The underlying reason is quite shocking—the project founder was exposed to have links to a project that once embezzled $1.8 million.

The more the story unfolds, the more complicated it becomes. Supporters and security teams uncovered a series of issues: the wallet provider directly issued phishing risk alerts; the project code is not publicly available; the core team information is vague; even third-party audit reports are completely absent. Even more outrageous, some early supporters have recently withdrawn their support en masse.

This project has not yet officially launched; it has only released a waitlist and some promotional materials on social media. Many people observing this series of events are beginning to reflect—Is this simply poor operational strategy by the project team, or is there a deeper problem behind it?