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

CoinVoice · 2026-01-01T00:20:22+00:00

Flow Foundation stated that it is collaborating with certification agencies and exchanges to protect users and restore the network. After the vulnerability incident, it was found that an exchange had concentrated deposits of approximately 150 million FLOW and exchanged them for BTC, leading users to purchase fraudulent tokens, exposing AML/KYC deficiencies, and failing to respond to clarification requests.

CoinVoice

2026-01-01 00:20:22

Abstract generation in progress

CoinVoice has learned that the Flow Foundation has issued a statement regarding the coordination with exchanges following the vulnerability incident. 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 single account on an exchange deposited 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 Subsequently, within a few hours before the network interruption, over $5 million was withdrawn.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 requests for clarification regarding these trading patterns through operational channels have not been responded to.

FLOW-5,23%

BTC-0,68%

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