US EditionFlow Sought Blockchain 'Rollback' After $3.9 Million Hack. Then Came the Community Backlash
Flow Foundation revised its rollback plan to destroy fraudulent tokens after a $3.9 million exploit, preserving over 99.9% of accounts and limiting disruption to legitimate users.
- On Dec. 29, the Flow Foundation announced a revised remediation plan developed with bridge operators, exchanges and validators after an attacker siphoned roughly $3.9 million on Dec. 27.
- The rollback plan, proposed swiftly by Flow core developers, suggested reverting to a pre-exploit checkpoint, alarming partners who said they were not consulted and Alex Smirnov, founder of deBridge, learned of it only after public announcement.
- FindLabs identified the attacker’s Ethereum wallet on December 27, 2025, tracking laundering attempts through Thorchain and Chainflip, while Dapper Labs confirmed it reviewed the plan and no user balances were affected.
- Validators approved a software upgrade enabling targeted remediation, and the network returned in a read-only testing mode while the Flow Foundation said more than 99.9% of accounts would remain unaffected.
- Critics warned chain rollbacks remain rare and contentious because they undo confirmed transactions, with Alex Smirnov and Delphi Labs counsel flagging risks of doubled balances and losses for bridges and issuers.
17 Articles
17 Articles
Flow sought blockchain 'rollback' after $3.9 million hack. Then came the community backlash
After facing criticism from developers and infrastructure providers, Flow said it will preserve transaction history and instead isolate and destroy fraudulent assets through a governance-approved recovery process.
Key points of the news: Flow faced a $3.9M exploit on December 27; validators stopped the network and FindLabs said user balances were not touched and freezes were requested. A rollback was proposed to a checkpoint, but Alex Smirnov (deBridge) said partners were surprised and warned of boundary cases in bridges that could duplicate balances. Following the fall of FLOW of more than 40% and the TVL moving from $107M to $73.8M and then $97.2M, Flow…
Coinjournal
CheckCryptoNewsFLOW price prediction: $3.9 exploit spells doom for the altcoin already down 39%
Flow Network halted after a $3.9M exploit triggered panic selling. South Korean exchanges flagged FLOW, raising delisting concerns. FLOW remains below key support, with bearish technical indicators. The Flow Network is facing one of its most challenging moments following a serious exploit that raised fresh concerns about the network’s security and governance. As the fallout continues to unfold, the pressure on FLOW has intensified, reflecting gr…
Flow faces rollback backlash after $3.9m exploit hits execution layer
Flow halts after a $3.9m exploit, ditches a full rollback plan and opts for targeted token burns to preserve user activity and restore trust. Flow blockchain’s proposal to reverse transactions following a $3.9 million exploit triggered opposition from ecosystem partners,…
The token FLOW, of the blockchain of the same name, recorded a sudden collapse of its course equivalent to about 40% during the weekend. The cause: a hack estimated at $3.9 million, but this may not be the most important... The article Why the course of the FLOW collapsed during the weekend? appeared first on Cryptoast.
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