Flow Remediation Plan to $3.9M Exploit Continues with EVM Progress
Flow is advancing its recovery plan for the $3.9M exploit, focusing on restoring EVM functionality while raising concerns about large token movements on a centralized exchange.Summary
The Flow Foundation is continuing its remediation plan following a $3.9 million blockchain exploit, announcing significant progress as it enters phase two, which is expected to take several days. Developers have identified a path to restore Ethereum Virtual Machine (EVM) functionality while simultaneously addressing its non-EVM chain, Cadence. This update follows the platform's decision to scrap a controversial rollback plan after user criticism regarding decentralization risks. Furthermore, Flow expressed concern over an unnamed centralized exchange's handling of the incident, noting that a single account deposited 150 million $FLOW (about 10% of the total supply), converted a large portion to BTC, and withdrew over $5 million quickly. Flow suggested this pattern indicated an AML/KYC failure, transferring risk to users who bought fraudulent tokens. The foundation is proceeding with cleanup transactions authorized by validators, which are publicly auditable.
(Source：Cointelegraph)