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BlockBeats News, December 28th, regarding the community's discovery that the Lighter team's address had previously undergone multiple large-scale LIT token transfers, Lighter's founder and CEO, Vladimir Novakovski, responded on Twitter Space, confirming that the related token transfers were unrelated to an airdrop but were done to secure the distribution funds for investors and the team. Furthermore, he also revealed that the cross-chain collateral system will allow L1 assets to be used as collateral on Lighter and that the mobile app will also be launched in the coming weeks.

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Lighter Completes Audit & Open-Sources Verification Code Ethereum Layer 2 perpetual DEX Lighter has achieved a major transparency milestone. What Happened: The team has successfully completed security audits of both its perpetual and spot trading ZK circuits, and has now made the full verification code open-source. Why It Matters: → Anyone can now independently verify every order, cancellation, and liquidation on Lighter L2 → The code is available on GitHub for developers and security researchers to review → This move builds trust by allowing the community to validate how the protocol operates on Ethereum Key Stats: Lighter processes ~500 million orders and cancellations daily $222 billion in trading volume over the last 30 days Currently leads the perp DEX sector ahead of Hyperliquid and Aster What's Next: The LIT token launch is expected on December 29, following the close of airdrop delegation forms. This open-source release sets a strong example for transparency in DeFi infrastructure.