🚨 Red Flag on $FLOW Security Breach and Price Drop 🚩

✅ According to the official Flow documentation:

The Flow EVM uses the same currency FLOW, and there is no new token minted at launch. That is, FLOW on EVM is expected to be bridged from Cadence → EVM.

Therefore, the appearance of minting millions on EVM = a fundamental flaw. Logically, there could be two scenarios:

✔️ A vulnerability or misconfiguration of permissions in the Bridge / Minter / Proxy contract.
✔️ Private Key breach / administrative privileges enabled token minting via Proxy.

5 million tokens were minted here:
🔗:

✅ Attempt to create a bridge to Bitcoin:
Why is talking about Chainflip reasonable as a liquidation pathway?
Chainflip is known for cross-chain swap routes that may end up in BTC.
🔗:

✅ Historically, this is a common pattern for laundering stolen assets.
( This confirms that this is the pathway here, but it is consistent with laundering patterns ).

✅ The most important economic angle:
▪️ The problem is not just “liquidity theft.”
▪️ The problem is the collapse of the pricing mechanism.

✔️ When there is uncontrolled token issuance, liquidity pools become a machine for extracting value against minted units.
✔️ This results in severe slippage + DEX depletion.
✔️ The risk premium on the entire FLOW EVM ecosystem (TVL, LPs, protocols) increases.

✅ Summary:
This is not a transient price event; it is a breach of the project's foundational trust.
The market is fleeing from insecurity… not from a price drop, because drops are offset by rises, but from insecurity, which means exit.
The ball is in the hands of Flow’s founders.

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Chart image from an Asian platform showing an 80% drop 👇