[Linera Announces Shutdown Due to Public Sale Falling Short, Token Subscription Funds Fully Refunded] Linera founder Mathieu Baudet announced on the Discord platform that Linera will cease operations immediately due to the fundraising campaign falling short of its target. Mathieu Baudet stated that the token sale on the Sonar platform received approximately $900,000 in subscription commitments but did not meet the minimum amount required to complete the sale. All subscription funds have been fully refunded to participants. Additionally, the team attempted to raise emergency funds to sustain operations until the mainnet launch but was unable to secure the necessary funding, ultimately leading to the project's closure. Previous reports indicated that Linera's LNRA community round received commitments of 848,300 USDC, falling short of the minimum target of 1,500,000 USDC, which triggered refunds.