Reminder: Polygon is secured by an even smaller 5-of-8 multisig.

With Ronin debacle, I'd like to remember people that Polygon has a 5-of-8 multisig protecting several billions.

The risks have been highlighted several times in the past 12 months. While it's understandable at the launch of a protocol for emergencies, the latest hack shows how risky and expensive it is to have security of a chain rely on an small number of people.

Also in the past Binance + the second biggest staker represented ~50% of the stake. Though it improved significantly ( https://wallet.polygon.technology/staking/validators/ )