Flow | Crypto

A protocol-level flaw allowed assets to be duplicated rather than minted, prompting a network halt and a governance-led recovery process. The Flow Foundation on Tuesday published a technical post-mortem detailing a protocol-level exploit that occurred on Dec. 27, when an attacker was able to counterfeit tokens on the network, resulting in about $3.9 million in confirmed losses before the exploit was contained. According to the report, the attacker exploited a flaw in Flow’s Cadence runtime that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances. Validators coordinated a network halt within six hours of the first malicious transaction, while exchange partners froze most counterfeit assets before they could be sold. Flow said the temporary halt placed the network into a read-only mode to sever exit paths and prevent further duplication while the issue was investigated. Operations resumed two days later under an “isolated rec...

The largest crypto exchange by trading volume announced two moves related to the FLOW token following the project's foundation updating users on a $3.9 million exploit. Cryptocurrency exchange Binance has announced a change in its policies related to trading and monitoring following a $3.9 million exploit of the Flow blockchain last week. In a Friday announcement, Binance said it would remove nine spot trading pairs from the exchange beginning on Saturday, including one for Flow (FLOW)/Bitcoin (BTC). In a separate notice, the company included FLOW and three other tokens on its monitoring tag list. The tag is featured in tokens exhibiting “notably higher volatility and risks compared to other listed tokens,” the exchange said, noting that tokens with the monitoring tag are at a high risk of no longer meeting listing standards. Read more

The plan to address a multimillion-dollar exploit continued with "phase two progress" on EVM after it scrapped a plan to roll back the blockchain. The Flow Foundation is continuing to implement a remediation plan in response to a $3.9 million exploit of the blockchain on Saturday, flagging concerns about large token movements on a centralized exchange. In a Thursday X post, Flow said it had made “significant progress” in its recovery plan, now entering phase two and expected to take several days. According to the platform, developers had “identified a path to restore EVM [Ethereum Virtual Machine] functionality” as it addressed its non-EVM chain, Cadence. “The Community Governance Council continues executing cleanup transactions under validator-authorized boundaries, consistent with established precedents for digital asset recovery,” said Flow. “All remediation activity is publicly auditable on-chain through block explorers. Cadence and EVM remediation will now proceed simultaneously.” Read more

Although recovery of assets affected in a $3.9 million exploit of the Flow blockchain isn't guaranteed, many users responded positively to a change in the remediation plan. The Flow Foundation, behind addressing a remediation plan following a $3.9 million exploit of the blockchain, has scrapped a proposal that would involve rolling back the layer-1 Flow chain after community criticism. In a Monday X post, Alex Smirnov, founder of bridge provider deBridge, said there would be “no rollback” and no reorganization of the blockchain as part of an updated recovery. Flow released a technical implementation plan, saying it had already temporarily restricted accounts affected by the exploit and Ethereum Virtual Machine (EVM) operations were read-only as part of phase one of the recovery. “There will be no chain reorganization,” said Flow. “All legitimate transactions that occurred prior to the halt remain valid and will not require resubmission or reconciliation.” Read more

The Flow Foundation has been slammed for rolling the layer 1 Flow chain back to patch up a $3.9 million exploit, with one partner advising validators to stop processing transactions until further notice. deBridge founder Alex Smirnov has urged validators on the Flow blockchain to stop processing transactions until the Flow Foundation devises a remediation plan for users impacted by its controversial rollback of the chain. The rollback was in response to the theft of $3.9 million on Dec. 27 when an attacker exploited a flaw in Flow’s execution layer and siphoned funds off the chain via multiple cross-chain bridges. deBridge is one of Flow’s main bridge providers and Smirnov called on Flow to clarify plans to address doubled balances for users who bridged out during the rollback window. Read more

Randomness powers everything from loot drops to respawns to bonus triggers, but players only trust it when they can see how it affects the game. If random events appear out of nowhere, people are more likely to assume manipulation is occurring somehow. If, on the other hand, the interface clearly shows what happened, why it […] The post Fair Feels Visible: How to Present Randomness and Results So Players Trust the Flow appeared first on CryptoSlate.

In Q1 2025, Flow’s DeFi TVL set a new high (+18 % QoQ), daily active addresses more than doubled, and core-repo commits rose 27 %, making it the quarter’s quickest-growing Layer-1 by developer traction. The arrival of LayerZero, Axelar, and deBridge bridges, as well as an OpenSea integration, broadened liquidity and user demand.