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Linea

avoid.net/linea→58/100·82% conf.
[VERIFIED]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4ZZAZi…Pme9

Summary

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

1 entities
Organizations
□Linea
Relationships
    Have evidence about Linea?

    Timeline(10 events)

    11 July 2023

    Linea zkEVM alpha mainnet launches at EthCC conference in Paris

    CoinDesk

    16 August 2023

    Linea completes public mainnet rollout with full ERC-20 token bridge deployment

    Consensys Official Blog

    25 April 2024

    Consensys files preemptive lawsuit against the SEC seeking declaration that ETH is not a security

    Axios

    2 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 Block

    28 June 2024

    SEC files enforcement action against Consensys in the Eastern District of New York over MetaMask Staking and Swaps services

    SEC.gov

    19 September 2024

    Texas federal court dismisses Consensys' preemptive lawsuit against the SEC on procedural grounds

    Baker McKenzie Blockchain Blog

    13 November 2024

    Linea Association, a Swiss nonprofit, announced at Devcon Bangkok to serve as independent governance body for the Linea network

    Blockhead

    27 February 2025

    Consensys CEO Joseph Lubin announces SEC has agreed to drop all claims; no fines or conditions imposed

    Consensys Official Blog

    10 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

    BanklessTimes

    10 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

    CCN
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain18 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (5 events). 18 of 20 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/31/2026, 1:59:27 PM

    last updated: 7/25/2026, 9:40:56 PM

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