On June 2, Ethereum layer-2 blockchain Linea halted block production following a $2.6 million hack on the Linea-based exchange Velocore. Alex Gluchowski, CEO of Matter Labs, emphasized the urgent need for layer-2 firms to prioritize decentralization. Linea has since resumed operations, with product lead Declan Fox asserting a strong commitment to future decentralization. Velocore is collaborating with external networks to reimburse victims.
Linea blockchain halt highlights slow decentralization of Ethereum L2s
