Ethereum Layer 2 blockchain Linea said it plans to decentralize the network following its deliberate block-production halt.
Linea did so in response to a security exploit on Velocore, a decentralized exchange on the network, which led to an unauthorized withdrawal of 700 ETH ($2.6 million) in ether on June 2 via a third-party bridge.
Despite a move towards such decentralization, the practice of halting entire blockchains to prevent hackers from transferring funds remains widespread across the industry—even among Layer 1 networks considered to be relatively more decentralized than Layer 2s. Historically, there have been separate instances where developers at BNB Chain, Osmosis, and Acala temporarily halted their respective chains following large security exploits, working with their respective validators, to mitigate damage and prevent perpetrators from moving funds.