deBridge founder urges Flow validators to halt activity after a $3.9 million exploit, citing doubled balances, coordination gaps, and a 40% FLOW price drop. deBridgedeBridge founder urges Flow validators to halt activity after a $3.9 million exploit, citing doubled balances, coordination gaps, and a 40% FLOW price drop. deBridge

deBridge Founder Calls for Flow Validators to Halt Network After Rollback

deBridge founder urges Flow validators to halt activity after a $3.9 million exploit, citing doubled balances, coordination gaps, and a 40% FLOW price drop.

deBridge founder Alex Smirnov has urged Flow validators to halt transaction processing after a controversial blockchain rollback. The call comes after worrying about user losses and disruption of the ecosystem. In the meantime, the Flow Foundation is under increasing pressure to put forward a clear remediation framework.

Flow Rollback Controversy Intensifies After $3.9 Million Exploit

The Flow blockchain rollback was pursuant to an exploit of $3.9 million on December 27, 2025. As people said, an attacker used a vulnerability in the execution layer of Flow. As a result, money was stolen off-chain by various cross-chain bridges.

Flow Foundation began the rollback in order to undo the impact of the exploit. The decision was, however, a fast trigger of criticism within the validator and developer community. The critics comment that the reaction was not coordinated, and it brought about wider systemic risks.

Alex Smirnov asked the validators to stop node operations. He encouraged validators to cease to validate transactions on the reverted chain. Thus, the user protection was emphasized by Smirnov until a compensation plan is completed.

Related Reading: Flow Blockchain Prepares Full Restart After $3.9M Bridge Exploit | Live Bitcoin News

deBridge is one of the main bridge providers of Flow. The rollback that Smirnoff had developed cautioned users who bridged assets out of doubled balances. On the other hand, users who deposited assets into Flow can have losses that can never be recovered.

Smirnov claimed that the rollback occurred in legitimate transactions over a small period of time. In particular, the transactions between 11: 25 PM PST on the 26th of December and 5: 30 AM PST on the 27th of December were affected. Consequently, financial damages may be even greater than the initial 3.9 million exploit.

Validators were not in a position to stop work at once, despite the request of the population. Flowscan data indicates that the network stopped at a block height of 137,385,824. Interestingly, the chain was still stuck at 11:24 PM UTC on Saturday.

FLOW Price Drops Over 40% as Network Enters Read-Only Mode

Flow Foundation later reported that the network had gone into a read-only state. This was to enable balances to be synchronized safely in exchanges and bridges. In the meantime, validation activity was held back in order to avoid inconsistencies.

Smirnov offered other reactions to the accident. He proposed a focused hard fork instead of a complete rollback. Also, blacklisting of addresses of attackers was suggested to seclude malice.

The same worries were voiced by the representatives of LayerZero on social media. They cautioned that complete reversals of ledgers discredit the finality of the transactions. Therefore, critics and maintenance experts believe that targeted fixes do not undermine the credibility of a network in the long-term.

The reaction of the market on the incident was instant. After the exploit and rollback, the price of FLOW token went down drastically. According to CoinGecko, FLOW has fallen over 40 percent in a few days.

Investors expressed doubts over balances and governance decisions. Thus, the confidence of the retail and institutional participants weakened. Volatility also increased, and trading volumes also spiked.

Flow Foundation has indicated that it is in the process of developing a remediation and compensation plan. Officials said they would update them when coordination is made. Nonetheless, no clear schedule has been announced.

The incident has brought back the question of blockchain immutability. Rollbacks contradict the principles of decentralization even though they provide temporary protection. Therefore, the Flow case can have an impact on the crisis responses among blockchain networks in the future.

The post deBridge Founder Calls for Flow Validators to Halt Network After Rollback appeared first on Live Bitcoin News.

Market Opportunity
FLOW Logo
FLOW Price(FLOW)
$0.09918
$0.09918$0.09918
-9.75%
USD
FLOW (FLOW) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ubisoft Rainbow Six Siege Breach May Involve MongoBleed, Distributes Billions in R6 Credits

Ubisoft Rainbow Six Siege Breach May Involve MongoBleed, Distributes Billions in R6 Credits

The post Ubisoft Rainbow Six Siege Breach May Involve MongoBleed, Distributes Billions in R6 Credits appeared on BitcoinEthereumNews.com. The Rainbow Six Siege
Share
BitcoinEthereumNews2025/12/29 16:40
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Was 2025 the year digital asset space got regulatory clarity?

Was 2025 the year digital asset space got regulatory clarity?

The post Was 2025 the year digital asset space got regulatory clarity? appeared on BitcoinEthereumNews.com. Homepage > News > Business > Was 2025 the year digital
Share
BitcoinEthereumNews2025/12/29 16:01