TechFlow news: On December 29, the Flow blockchain suffered a security vulnerability attack, resulting in approximately $3.9 million worth of assets being transferred out of the network. Validators promptly executed a coordinated pause.
The Flow Foundation is currently working closely with validators, core developers, and ecosystem partners to develop a network recovery plan. Officials confirmed that user funds remain secure, and technical remediation steps are under verification.
The ecosystem coordination phase is expected to be completed within 2–3 hours, with the next status update scheduled for 6:00 PM Pacific Time on December 29. The Foundation stated that the extended coordination period is to ensure the network resumes operations in a stable and orderly manner.
