[Linera: Ceasing Operations Due to Insufficient Funds, Token Sale Subscription Funds Fully Refunded] Foresight News reports that members of the L1 blockchain Linera team announced on Discord that their token sale conducted on Sonar received subscription commitments of nearly $900,000 but did not meet the minimum threshold required to complete the sale. All subscription funds have been fully refunded to users. The team subsequently attempted to secure emergency funding to sustain the project until its mainnet launch but was unable to raise the necessary funds. The team is now gradually shutting down applications and the Discord community. User point balances will remain recorded, but the team cannot promise any future benefits for these points. The team still hopes to complete protocol development and launch applications in the future. Foresight News previously reported that Linera tweeted that the LNRA token community round subscription period has ended, failing to reach the minimum target of 1.5 million USDC. A total of 617 participants from 69 different countries subscribed to approximately 848,000 USDC.