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Flow scraps blockchain 'rollback' plan after community backlash over decentralization

CoinDesk
Flow abandoned its plan to roll back its blockchain after a $3.9 million hack due to severe community backlash regarding decentralization.

Summary

The layer-1 network Flow reversed its decision to roll back its blockchain following a $3.9 million exploit, after ecosystem partners warned that rewriting chain history would compromise decentralization and introduce operational risks. Instead, Flow will restart from the last sealed block before transactions were halted on December 27, preserving legitimate history while targeting fraudulent assets through account restrictions and token destruction. The initial rollback proposal drew sharp criticism, particularly from infrastructure providers like deBridge, who argued it violated blockchain immutability and created reconciliation issues. The revised plan, which requires validator approval for a temporary software upgrade, was applauded by analysts for avoiding decentralization implications, though the recovery of the stolen funds remains uncertain as the hacker moved assets onto the Bitcoin network.

(Source:CoinDesk)