Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future.
Ethereum layer-2 blockchain Linea’s decision to halt block production after being hacked highlights the need for layer-2 firms to prioritize decentralization sooner rather than later, says Alex Gluchowski, CEO of Matter Labs.
On June 2, more than $2.6 million in Ether (ETH) was transferred off Consensys-launched Linea after the hacker managed to exploit Linea-based decentralized exchange Velocore, Linea explained in an X post.
Linea has since resumed block production, but the team’s decision to halt the zkEVM blockchain showcased the need for decentralization on Ethereum layer was flagged by Gluchowski.
