This December 30, Wu Blockchain reported that the Lighter trading platform, backed by giants such as Coinbase and Robinhood, is facing serious technical issues preventing users from withdrawing their funds. The incident occurs at a critical time for the Ethereum-based Layer-2 exchange, coinciding with the official debut of its native token, Lighter Infrastructure Token (LIT).
The impact was felt strongly across support channels, where customers reported the error message “Too many L2 Withdrawals.” According to initial analyses, the failure appears to stem from a slowdown in block processing speed within its Zero-Knowledge (ZK) infrastructure. Meanwhile, the LIT token showed high volatility, dropping more than 30% from its all-time high of $4.04 reached during its debut.
The community is now awaiting an official response from Lighter representatives and the normalization of the network to avoid a major crisis of confidence. The resolution of this technical bottleneck will be decisive for the stability of the platform’s DeFi ecosystem and the long-term value of the incentives distributed through its recent airdrop.
Source: https://x.com/WuBlockchain/status/2006011069773537615
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