Linea Blockchain Hit by Hack, Importance of Decentralization Highlighted

A hacker attack on Velocore, a decentralized exchange (DEX) built on Ethereum's Layer2 blockchain Linea, forced Linea to halt block production. This incident underscores the critical need for Layer2 companies to prioritize decentralization from the get-go.

Matter Labs CEO Alex Gluchowski emphasized that "decentralized sorters are not an option" and called for immediate implementation by all Layer2 companies. Linea's product manager, Declan Fox, echoed this sentiment and expressed confidence in Linea's rapid progress towards decentralization, claiming it's ahead of many competitors despite its younger age.

The attack, which occurred on June 2nd, resulted in the transfer of over $2.6 million in ETH out of Linea. While Linea initially resumed operations, the team ultimately decided to halt the zkEVM blockchain.

This incident highlights the ongoing vulnerability of even audited blockchain projects and emphasizes the importance of robust decentralization for enhanced security.

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