Linea Faces Criticism Over Block Production Halt
Linea, an Ethereum layer-2 blockchain, has been criticized for stopping block production following a hack on Velocore, a decentralized exchange (DEX) on its network.
The hack resulted in the transfer of 700 ETH, worth over $2.6 million, from the Linea network via an undisclosed third-party bridge.
Linea halted the sequencer to prevent further funds from being bridged out and censored the hacker’s addresses to mitigate the impact on users.
The crypto community has questioned the long-term implications of Linea’s decision, with CEOs of Helius Labs and Matter Labs emphasizing the importance of decentralization for all sequencers.
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