deBridge Co-Founder Warns Against Unilateral Flow Blockchain Rollback

deBridge Co-Founder Warns Against Unilateral Flow Blockchain Rollback

Flow is coordinating with infrastructure partners to finalize a network restart plan within hours, aiming to safeguard user funds after rollback concerns raised by deBridge’s Alex Smirnov.

FLOW

Fact Check
The statement is overwhelmingly supported by multiple, consistent, and independent secondary sources. A news report from Coincu, an article on Binance's platform, and reports from Phemex (in both English and German) all explicitly state that deBridge co-founder Alex Smirnov made a public statement criticizing the Flow blockchain rollback. These sources are consistent in identifying the individual, the subject matter, and the critical nature of the statement, with several quoting his warnings about "systemic risks." Furthermore, a Vietnamese news source corroborates the story and adds a detail that supports the "unilateral" aspect of the claim, stating the rollback was done without consulting key bridge partners. Another source, while low in authority, provides a specific date for the statement (December 28th), adding to the credibility of the reporting. There are no contradictions among the relevant sources provided. The irrelevant sources do not offer any conflicting information. The cumulative weight and consistency of the evidence from various platforms and in multiple languages make it highly probable that the statement is true.
Summary

Flow blockchain has responded to deBridge co-founder Alex Smirnov’s warnings about an uncoordinated rollback by confirming it is working with key infrastructure partners to finalize a restart plan within 2–3 hours. The plan, shared with ecosystem partners, is intended to ensure the safety of user funds and mitigate potential risks to cross-chain systems. Smirnov had warned that an uncoordinated rollback posed substantial risks, urging validators to pause validation until safeguards were implemented.

Terms & Concepts
  • Blockchain rollback: Reverting a blockchain to a previous state, which alters recent history and can impact transactions and dependent systems.
  • Validator: A network participant that verifies and confirms transactions, contributing to blockchain consensus and security.
  • Transaction validation: The process by which validators check and confirm transactions before they are added to the blockchain.