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Flow Foundation's Statement Regarding Exchange Coordination After December 27th Incident:
In the wake of the exploit that occurred on December 27th, the Flow Foundation, along with our forensic partners, has been tirelessly collaborating with global exchanges to safeguard users and restore standard operations. We would like to commend Kraken, Coinbase, and Upbit for their exceptional cooperation, with Kraken having already resumed its normal services.
However, we have serious concerns regarding the actions taken by one exchange in response to this incident. Just hours after the exploit, a single account deposited an astonishing 150 million $FLOW, which constitutes nearly 10% of the overall token supply. This account then converted a significant portion of those funds into BTC and withdrew over $5 million within just a few hours before the network was halted. Such a transaction pattern indicates a failure in AML/KYC protocols, shifting financial risks onto users who inadvertently acquired counterfeit tokens.
Forensic experts have detected notable trading anomalies on this exchange's $FLOW markets that do not align with typical market behavior, both prior to and following the network suspension. Our attempts to seek clarification regarding these trading activities through operational channels have not received any responses. We urgently request a high-level meeting to discuss these issues and to develop a strategy that ensures user protection across all platforms. We are optimistic that a constructive resolution is achievable, but it necessitates open and transparent dialogue.
The Flow Foundation is fully cooperating with law enforcement and ongoing investigations.
We are dedicated to safeguarding every user impacted by this exploit, irrespective of the platform they utilize.
In the wake of the exploit that occurred on December 27th, the Flow Foundation, along with our forensic partners, has been tirelessly collaborating with global exchanges to safeguard users and restore standard operations. We would like to commend Kraken, Coinbase, and Upbit for their exceptional cooperation, with Kraken having already resumed its normal services.
However, we have serious concerns regarding the actions taken by one exchange in response to this incident. Just hours after the exploit, a single account deposited an astonishing 150 million $FLOW, which constitutes nearly 10% of the overall token supply. This account then converted a significant portion of those funds into BTC and withdrew over $5 million within just a few hours before the network was halted. Such a transaction pattern indicates a failure in AML/KYC protocols, shifting financial risks onto users who inadvertently acquired counterfeit tokens.
Forensic experts have detected notable trading anomalies on this exchange's $FLOW markets that do not align with typical market behavior, both prior to and following the network suspension. Our attempts to seek clarification regarding these trading activities through operational channels have not received any responses. We urgently request a high-level meeting to discuss these issues and to develop a strategy that ensures user protection across all platforms. We are optimistic that a constructive resolution is achievable, but it necessitates open and transparent dialogue.
The Flow Foundation is fully cooperating with law enforcement and ongoing investigations.
We are dedicated to safeguarding every user impacted by this exploit, irrespective of the platform they utilize.
Yayasan Flow saat ini sedang menyelidiki kemungkinan insiden keamanan yang dapat mempengaruhi jaringan Flow.
Tim rekayasa kami bekerja sama dengan mitra jaringan untuk menangani situasi tersebut. Pembaruan yang telah diverifikasi akan dibagikan segera setelah tersedia.
Tim rekayasa kami bekerja sama dengan mitra jaringan untuk menangani situasi tersebut. Pembaruan yang telah diverifikasi akan dibagikan segera setelah tersedia.
@flowverse Yayasan Flow sedang dalam proses memeriksa kemungkinan insiden keamanan yang mungkin berdampak pada jaringan Flow.
Tim teknik kami bekerja sama dengan mitra jaringan untuk menangani situasi ini. Kami akan membagikan pembaruan tambahan, yang telah diverifikasi akurasinya, segera setelah tersedia.
Tim teknik kami bekerja sama dengan mitra jaringan untuk menangani situasi ini. Kami akan membagikan pembaruan tambahan, yang telah diverifikasi akurasinya, segera setelah tersedia.
Memelopori sektor pengembangan brankas DeFi, @MORE_DeFi mengutamakan transparansi, keamanan, dan komposabilitas.
Pada tahun 2026, brankas omnichain yang tanpa izin telah mengalami pertumbuhan yang signifikan.
Pengembang di Flow sedang membangun dasar untuk masa depan DeFi Konsumen.
Pada tahun 2026, brankas omnichain yang tanpa izin telah mengalami pertumbuhan yang signifikan.
Pengembang di Flow sedang membangun dasar untuk masa depan DeFi Konsumen.
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