PANews June 3, according to Cointelegraph, Matter Labs CEO Alex Gluchowski said that Ethereum Layer2 blockchain Linea decided to stop block production after Velocore was hacked, which highlights that Layer2 companies need to prioritize decentralization as early as possible. Gluchowski said: "Decentralized sorters are not optional. Everyone committed to the L2 stack must compete to achieve this first."
Declan Fox, Linea’s head of product, agreed that decentralization is necessary, but stressed that the network is “solidly” moving toward decentralization, and the time window required is much shorter than many competitors. Declan Fox wrote: “Given that many Rollup frameworks that appeared two years earlier than us are not further than us, I am quite satisfied with our progress.”
Previously, Linea explained in an X post that on June 2, more than $2.6 million in ETH was moved out of Linea after hackers exploited Velocore, a decentralized exchange based on Linea. Linea has since resumed block production, but the team decided to stop the zkEVM blockchain.