The token will be launched on Binance Launchpool, and there will also be an airdrop for early supporters.

As tech evolves, so do business relationships, and old rivals Samsung and Sony are now partnering to develop blockchain Soneium.

Now the team is planning a network update with a hard fork set for about three weeks from now, aiming to fix the security vulnerabilities they've found and get their fraud proofs back up and running.

Despite the successful resolution, the incident once again highlighted the underlying centralization issues prevalent in Layer 2 blockchain networks.

The hacker exploited a flaw within the Velocore DEX market maker pool contract. The attack led to Linea blockchain halting block production, sparking debate in the community about the principles of decentralization.

The vulnerability could allegedly impact multiple applications. With no immediate fix on the horizon, the Lightning Network community may face significant challenges ahead.

Back in March, the Ronin network was breached, causing losses estimated above $600 million. At the time of the event, Sky Mavis only had 9 validator nodes; now, they have 18, including Google Cloud, to prevent another incident like this.