🏴☠️🍿 #FLOW Flow: The Flow Foundation is currently investigating a potential security incident affecting the Flow network.
Our developers are actively working with network partners to remediate the issue.
Our developers are actively working with network partners to remediate the issue.
🏴☠️🍿 #FLOW Flow: Hacker stole ~$3.9M in funds, mostly via bridges (Celer, Debridge, Relay, Stargate) and then laundered via Thorchain/Chainflip. The attack did not affect users' existing balances.
🔄🍿 #FLOW Flow Foundation rolled back core network upgrade to v28 (before the security incident) to remove unauthorized transactions from the registry.
🍿 #FLOW Co-founder of deBridge: deBridge, as one of the primary bridge vendors for Flow, has not received any notification or coordination from the Flow team, which could pose a great risk. The economic damage from a hasty network rollback could be far greater than the original hack, and the rollback would lead to systemic issues affecting honestly operating bridges, custodians, users and counterparties during the exposure window.
Also encouraged all Flow validators to stop validating transactions on the rolled back network until the compensation plan is clarified, coordination with ecosystem partners, and security team intervention.
Also encouraged all Flow validators to stop validating transactions on the rolled back network until the compensation plan is clarified, coordination with ecosystem partners, and security team intervention.
🔄🍿 #FLOW Flow Foundation stated that Flow has successfully completed a core network upgrade. Network rollbacks are no longer expected. The registry status is now considered final.
While core network functionality has been restored, the Flow EVM gateway remains offline and is expected to recover within the next 24-48 hours.
While core network functionality has been restored, the Flow EVM gateway remains offline and is expected to recover within the next 24-48 hours.
🧑💻 #FLOW Flow Foundation will burn 50,343,896.87 FLOW tokens today (3% of the total supply).
The foundation also commits to purchasing at least another 50,000,000 FLOW on the open market in the coming months, which will be held in the foundation's treasury. link
The foundation also commits to purchasing at least another 50,000,000 FLOW on the open market in the coming months, which will be held in the foundation's treasury. link
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