Binance to Remove FLOW/BTC Spot Trading Pair after Flow Exploit Report
Binance is delisting the FLOW/BTC trading pair and adding FLOW to its monitoring tag list following a $3.9 million Flow blockchain exploit.Summary
Cryptocurrency exchange Binance announced it is removing nine spot trading pairs, including FLOW/BTC, following recent reviews, coinciding with a $3.9 million exploit on the Flow blockchain. Furthermore, Binance added Flow (FLOW) and three other tokens to its monitoring tag list, indicating they exhibit higher volatility and risk, potentially failing listing standards. Although Binance did not explicitly link the changes to the exploit, Flow later expressed concern over one unnamed exchange's handling of the incident, citing an "AML/KYC failure" that enabled hackers to deposit and convert stolen FLOW tokens. Flow is currently executing a recovery plan, which includes restoring blockchain functionality and addressing fraudulent assets, after halting an earlier proposal for a full blockchain rollback amid user criticism.
(Source：Cointelegraph)