DeFi

Planet

Linea

Velocore

<div class="intro-text"> 
 Marco Monaco, the growth lead for ConsenSys’ zk-rollup project Linea, has announced his resignation from the project. 
</div> 
Monaco revealed his decision on September 11 via a <a style="color: #0000ff;" href="https://x.com/marcomonaco83/status/1833659309437182324?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1833659309437182324%7Ctwgr%5E43dc655936722d4e940beeaa15ae0c407fe7f17c%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcrypto.news%2Flineas-growth-lead-resigns-over-vision-discrepancies%2F">post </a>on X. 
During his two-year tenure with Linea, Monaco played a pivotal role in shaping the project’s business vision and growth strategy. He claimed he devoted nearly 20 hours daily to building a dynamic ecosystem and leveraging ConsenSys’s tech stack to advance the platform. He noted that he sought to shift the network’s focus from mere “farming” to prioritizing community engagement and organic growth. 
Monaco’s exit follows a period of reduced involvement over the past few months and his earlier departure from ConsenSys. He explained that discussions during the review process led to a mutual agreement with ConsenSys leadership that his vision no longer aligned with the project’s future direction. However, specific details regarding the points of disagreement were not disclosed. 
<blockquote>
 “Consensys leadership and I agreed that the best path forward for Linea does not involve me personally as our visions are not aligned anymore,” 
</blockquote> 
Monaco wrote in the post. 
This development comes in the wake of recent controversy surrounding Linea. The project faced scrutiny for<a style="color: #0000ff;" href="https://x.com/LineaBuild/status/1797283402745573837"> halting</a> operations to block an address linked to a hacker who exploited the Velocore DEX for $7 million in June. The pause in operation lasted for one hour, and it <a style="color: #0000ff;" href="https://x.com/LineaBuild/status/1797283448153112591?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1797283448153112591%7Ctwgr%5Ef189af357d499d31da23997eb915340dfb3ec5da%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcrypto.news%2Flinea-pledges-decentralization-after-halting-block-production-to-stop-hacker%2F">allegedly</a> allowed Linea to address the situation, collaborate with the Velocore team, and persuade other exchanges to freeze the hacker’s funds.&nbsp; 
However, this <a href="https://twitter.com/kaalaman2/status/1797162973883990320?t=ByRL3-MpGuFCX9g-H9r4Pg&amp;s=19">action drew criticism</a> regarding the project’s centralization, especially because the team could halt the entire network without the network participants’ consent or knowledge, which had over $1.2 billion in locked value at the time, <a style="color: #0000ff;" href="https://l2beat.com/scaling/projects/linea">according to L2Beat data</a>. 
In response to the criticism, Linea <a style="color: #0000ff;" href="https://twitter.com/LineaBuild/status/1797283561596424296?t=4lTYt_PlKsoXrUQgCv7F6w&amp;s=19">acknowledged</a> its reliance on centralized operations and the vulnerabilities this exposed. The project reiterated its commitment to transitioning towards a decentralized, censorship-resistant network in the future. 
&nbsp; 
If you want to read more news articles like this, visit <a href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, <a href="https://www.instagram.com/defi.planet/">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/">CoinMarketCap Community</a>. 
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” 
The post <a href="https://defi-planet.com/2024/09/lineas-growth-lead-marco-monaco-resigns-says-visions-are-not-aligned-anymore/">Linea’s Growth Lead, Marco Monaco, Resigns, Says “Visions Are Not Aligned Anymore”</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

Linea’s Growth Lead, Marco Monaco, Resigns, Says “Visions Are Not Aligned Anymore”

DeFi Planet

Other articles published on Sep 11, 2024

Breaking News: Major Crypto Exchange Hacked, Operations Halted – 5 Altcoins Stolen!

Nubank to discontinue Nucoin, allows conversion to Bitcoin or USDC

Digital Identity Progression With LUKSO’s Universal Follower System

Upcoming US Inflation Data Will Shake Markets

Harris-Trump debate: Trump’s odds to win election fall 3% on Polymarket

Binance Labs Backs Five Startups With BNB Chain

Join our free newsletter for daily crypto updates!