Lighter's lightning-speed clapback at toly. 2026.05.12: Solana co-founder @toly throws shade at @Lighter_xyz, calling it just another CEX, trying to save face for the perp DEX Phoenix on Solana that he’s been hyping up like crazy. 2026.05.19: The authoritative L2 research organization @l2beat officially announced: they’ve successfully regenerated and verified all the ZK circuits used by Lighter from the source code. This means users can make emergency withdrawals without permission and without needing to trust the Lighter team. Well, turns out in the end, the real clown was himself.