The Flow blockchain has initiated an ‘isolated recovery’ plan for the chain following last week’s $3.9 million crypto hack.
In the moment of writing this, Flow Testing is now underway after the Validator Consensus on the software upgrade has been reached.
The final chains will not be active until later. after all tests have been completed.
Source: X
Following the testing, the plan enters the next phase, called “phase 1 deployment.” In this stage, the chain will resume its broader operations. Addresses linked to the hack are also restricted.
Flow ditches its initial rollback plan
After key partners’ and exchanges’ opposition to an initial plan that aimed to roll back the entire chain to its pre-hack state and to block the funds hacked, the latest plan has been adopted.
The breach of Flow was reported on the weekend. Hackers quickly removed the $3.9 million stolen from the network. The number of breaches has increased. 2025 crypto hacksThe total value of these transactions has exceeded $3 billion.
The consensus on the Flow Chain Rollback Plan was slow.
Ineffectiveness of the rollback request because hackers moved the funds off the chain and into Ethereum, or other assets. noted Tay Vano is a security expert.
The only innocent users that would be affected if the proposal was implemented are those unaware of the intended rollback.
Alex Smirnov co-founder deBridge is one of the largest exchanges in the world that deals with FLOW. stated They weren’t aware of the plans to roll back.
Source: X/deAlex
The plan was changed to ‘isolated recovery’ following this feedback and the realization that a rollback plan was too late to affect the hacker.
Flow is a layer 1 chain that’s led by a Foundation, but has independent ecosystem builders. One of its largest ecosystem builders, Dapper Labs, threw its full support to the ‘isolated recovery’ proposal and added,
“The revised approach preserves all legitimate user activity—meaning no rollback is required—and provides a clear path to restoring network operations. Safety remains the priority, but urgency is paramount.”
Source: X
It is worth noting that the native token for FLOW chain, dropped After the breach, over 40% of $0.1 was reduced.
Last Thoughts
- The recovery plan launched by Flow aims to maintain legitimate user activities, while restricting hackers’ email addresses.
- After the breach, the native token FLOW declined by 40%. Whether the recovery plan reverses the losses is yet to be determined.
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Source: ambcrypto.com
