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Points
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Futures
Futures
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CandyDrop
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Alpha Points
NEW
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Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
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Quant Fund
Top asset management team helps you profit without hassle
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NEW
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Activity Center
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20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate Blog
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Proof of Reserves
Gate promises 100% proof of reserves
Flow network outage caused NFT lending defaults, Flowty has suspended loan settlements.
CoinVoice has learned that, according to monitoring by Abdelaziz Fathi, the Flow network was shut down after an attack on December 27, resulting in the disruption of the NFT lending protocol Repayment within the Flow ecosystem, and multiple overdue loans were forced to default. The Flow Foundation previously suspended the Cadence execution environment until the morning of December 29. Flowty posted on X platform stating that a total of 11 loans expired during the shutdown, of which 8 defaulted directly, and another 2 could not be settled due to account restrictions. Although Flow has resumed online operations, core functions such as token exchange remain limited, and borrowers are unable to access the assets needed for repayment. Flowty has suspended all loan settlements since 14:15 on December 30; loans that expire during this period will neither be repaid nor default. Currently, the Flow price is approximately $0.086.