Linea
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anchored·4ZZAZi…Pme9Summary
Linea is a zkEVM Layer 2 rollup built by Consensys that launched on Ethereum mainnet in July–August 2023 and uses a proprietary zk-SNARK proving library called gnark. The network is classified as Stage 0 by L2BEAT, operates a single centralized sequencer with no permissionless fallback, and demonstrated this centralization risk in June 2024 when it unilaterally halted block production during the Velocore DEX hack. The LINEA token launched in September 2025 and suffered a 93% price collapse within hours amid a delayed community airdrop contract, sequencer outage, and allegations of treasury wallet selling pressure.
Connected Entities
7 entities · 60 linked investigations- Velocore DEX→mentioned with→Ethereum(80%)
- Velocore DEX→mentioned with→Helius(70%)
- Linea→mentioned with→TD Bank(80%)
- Linea→mentioned with→Helius(70%)
- Linea→mentioned with→Uniswap(60%)
- Linea→mentioned with→Ethereum(80%)
- Linea→mentioned with→Binance(60%)
- Binance→mentioned with→Ethereum(65%)
- Uniswap→mentioned with→Ethereum(80%)
- Linea→mentioned with→Velocore DEX(80%)
Timeline(10 events)
16 August 2023
Linea completes public mainnet rollout with full ERC-20 token bridge deployment
Consensys Official Blog25 April 2024
Consensys files preemptive lawsuit against the SEC seeking declaration that ETH is not a security
Axios2 June 2024
Velocore DEX on Linea exploited for approximately $7 million; Linea unilaterally halts sequencer between blocks 5081800 and 5081801 to prevent further fund extraction
The Block28 June 2024
SEC files enforcement action against Consensys in the Eastern District of New York over MetaMask Staking and Swaps services
SEC.gov19 September 2024
Texas federal court dismisses Consensys' preemptive lawsuit against the SEC on procedural grounds
Baker McKenzie Blockchain Blog13 November 2024
Linea Association, a Swiss nonprofit, announced at Devcon Bangkok to serve as independent governance body for the Linea network
Blockhead27 February 2025
Consensys CEO Joseph Lubin announces SEC has agreed to drop all claims; no fines or conditions imposed
Consensys Official Blog10 September 2025
LINEA Token Generation Event; sequencer suffers ~46-minute outage; community airdrop contract funded 50 minutes late; price collapses 93% from peak of $0.32 to $0.024
BanklessTimes10 September 2025
SWIFT announces prototype 24/7 interbank payments platform built on Linea, with major bank participants including Bank of America, Citi, JPMorgan, and TD Bank
CCNDecision Log
- slot 426514828 · hash A6oxz2ZdfDZyorGo3detzGJd5kRVjGqsfVGPKkY3JcRQ
- slot 426514809 · hash CHHbzPrXz8kS7c17doosngp5Ses8GvtkpNG8mFf74psx
- slot 425431592 · hash H38tc7uk6ZHZpc8mFHLHkD5Cexzz8e4gPFGyHMWAKHRZ
- slot 425431589 · hash 4pJPfgSxnKjoJ2rkc7rqUmeeazuk7oPPkU2E4oziLzgB
- slot 423388142 · hash skw4enCprzGJS2wFZjpPpkY87guyCrVZvyYH47bzdyb
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 18 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 1:59:27 PM
last updated: 5/31/2026, 1:59:27 PM
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