DYDX ROLLUP SHUTDOWN: WHAT HAPPENS WHEN AN L2 STOPS?

Summary from the TLDR Crypto newsletter

dYdX v3 shutdown with $70 million in user funds stranded on the L2. The platform's Escape Hatch mechanism allowed users to withdraw nearly $30M through a three-step transaction process on the Ethereum mainnet. This incident highlights the importance of security measures and fallbacks for L2s. More robust solutions are needed for general-purpose L2s.