Flow: A certain exchange experienced abnormal transactions during the FLOW security incident, transferring the risk to users.

2026-01-01 00:08:56

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PANews January 1st News, Flow Foundation issued a statement regarding the coordination with exchanges following the vulnerability incident on December 27th. It has collaborated with forensic agencies and multiple global exchanges to protect users and restore network operations. The foundation stated that shortly after the incident, a certain exchange experienced a single account depositing approximately 150 million FLOW tokens (about 10% of the total supply), and a significant portion was exchanged for BTC. Subsequently, within a few hours before the network interruption, over 5 million USD was withdrawn. This process exposed flaws in the AML/KYC procedures and transferred financial risks to users who unknowingly purchased fraudulent tokens. Forensic analysis also revealed that the FLOW market on this exchange exhibited significant trading anomalies inconsistent with normal trading before and after the incident. The foundation’s inquiries through operational channels regarding these trading patterns have gone unanswered.

FLOW-1.59%

BTC-1.05%

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