
Flow Foundation reports notable progress in its phase two remediation efforts following last week’s $3.9 million exploit, aiming to restore network integrity without reversing lawful transactions.
The Flow Foundation announced it has advanced to phase two of its staged remediation plan after a $3.9 million exploit targeting the blockchain. The plan, introduced after rejecting an initial network rollback proposal, seeks to isolate compromised components while preserving legitimate activity. Flow stated that technical repairs are proceeding and all funds remain secure. The network faced a significant disruption due to an execution layer vulnerability that caused the FLOW token's value to halve, prompting a multi-phase recovery strategy.