Flow Network Suffers $3.9 Million Loss from Targeted Attack
- On December 27, an attacker exploited vulnerabilities in Flow’s execution layer, stealing approximately $3.9 million.
- The breach was contained quickly by validators who coordinated a network halt to prevent further losses.
- Funds were primarily moved using cross-chain bridges like Celer and deBridge, with some converted into Ethereum and Wrapped Bitcoin (WBTC).
- Flow Foundation is actively tracking the stolen funds through privacy-focused protocols such as THORChain.
- Major exchanges including Binance, Coinbase, and Kraken have been alerted for asset freezing requests.
The incident highlights ongoing security challenges within the DeFi sector, emphasizing the need for robust response strategies during cyberattacks. Flow Foundation confirmed that user balances remained unaffected throughout the breach.
Following the attack, Flow has implemented a protocol-level fix and plans to relaunch operations once thorough testing is completed within four to six hours.(Source)
