Flow Validators Urged To Halt Work After Chain Rollback

Alex Smirnov, founder of deBridge, called on Flow blockchain validators to cease processing transactions until the Flow Foundation provides a remediation plan for users affected by a recent, controversial chain rollback. The rollback was implemented after an attacker exploited a flaw in the execution layer on December 27, stealing $3.9 million via cross-chain bridges. Smirnov, whose company deBridge is a main bridge provider, demanded clarity on how Flow would address doubled balances for users who bridged assets during the rollback window, criticizing the rushed decision as potentially causing more damage than the initial exploit by creating systemic issues for bridges and custodians. Gabriel Shapiro of Delphi Labs also criticized the resolution, suggesting Flow was creating unbacked assets. Dapper Labs, the creator of Flow, responded by asserting that no user balances or assets were affected. The exploit and subsequent rollback caused the FLOW token to drop 42%, and the blockchain remained halted at the time of the report.

(Source：Cointelegraph)