Chainlink under scrutiny for altering multisig wallet, reducing required signatures from 4 out of 9 to 4 out of 8.
Chainlink, a decentralized oracle network, has addressed concerns raised by the crypto community about a recent alteration in its multisig wallet.
The criticism arose after users, including well-known crypto researcher Chris Blec, noticed a quiet shift in the number of signatures required on the multisig wallet from 4-of-9 to 4-of-8.Chainlink is under scrutiny from the community for subtly altering the protocol’s multisig wallet. Theinvolve reducing the required number of signatures on the multisig wallet from 4 out of 9 to 4 out of 8.
The issue was brought to light when an individual took to X, mentioning the removal of a wallet address from Chainlink’s multisig system without a preceding announcement from the company. Chris Blec responded to the post expressing concerns that modifications to this multisig could manipulate any Chainlink price feed to display any desired price. He argued that this situation essentially centralizes what should be a decentralized system.This multisig can change *any* Chainlink price feed to provide *any* price that it wants it to provide.
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