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Flow Network Frozen as $3.9M Hack Triggers Rollback and Selloff


Flow Network Frozen as $3.9M Hack Triggers Rollback and Selloff

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FLOW token fell 40% to $0.10 after a $3.9M exploit led validators to halt the blockchain. An attacker minted millions of FLOW, draining liquidity and laundering funds into BTC. This incident resulted in an emergency rollback, causing backlash from bridge operators.

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  • FLOW dropped 40% after a $3.9M execution-layer exploit forced validators to halt the chain.
  • The attacker minted millions of FLOW, drained liquidity, and laundered funds across bridges into BTC.
  • Validators rolled back the chain, triggering backlash from bridge operators.

FLOW sold off hard last week after a confirmed security breach on the Flow blockchain. The token fell roughly 40% in a single day, sliding from $0.17 to $0.10 as news of the exploit spread.

At the time of writing, FLOW traded near $0.10 after a brief bounce to $0.12. The token remains down more than 11% over the past 24 hours, data shows. This pullback was the result of an estimated $3.9 million loss tied to an execution-layer failure.

Execution-Layer Exploit Triggering Emergency Halt

The incident was first flagged by on-chain researcher Wazz, who tracked an attacker minting roughly 5 million …

Read The Full Article Flow Network Frozen as $3.9M Hack Triggers Rollback and Selloff On Coin Edition.

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Coins

$ 77.43K

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Coins

$ 77.43K

+6.73%

$ 0.0314

+8.63%

$ 0.00166

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View analytics →
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