The post Binance Freezes Funds After Flow Network Exploit appeared on BitcoinEthereumNews.com.

Key Points: The Flow network exploited, Binance freezes hacker funds, calls for action. Flow token’s value dropped approximately 40% after the breach. Binance awaits Flow’s post-mortem report, no collaboration yet. On December 27, the Flow (FLOW) network encountered a severe security breach, exploited by hackers to mint vast tokens, prompting Binance to freeze the compromised funds. This incident underscores challenges in crypto security, revealing centralized vulnerabilities and resulting in a 40% FLOW price drop, impacting market confidence. Binance Blocks Hacker Funds Following Flow Breach On December 27, the Flow network was breached, permitting hackers to mint an excessive number of tokens. Binance quickly responded by freezing hacker funds on its platform to mitigate loss risks. Despite these measures, no effective communication has been established with the Flow project team. Following the breach, Binance froze funds, demanding clear actions from Flow’s team including a post-mortem report. The breach led to a substantial decline in Flow’s token value, highlighting the importance of effective crisis management in securing digital assets. “Alex Smirnov, Founder, deBridge, publicly urged validators on the Flow blockchain to halt transaction processing until a clear remediation plan is established for users affected by the network’s controversial rollback proposal.” Flow Token Value Plummets After 48.95% Decline Did you know? The Flow network exploit is reminiscent of historical incidents that have prompted significant changes in blockchain governance. As of December 31, 2025, Flow (FLOW) trades at $0.09, following a significant 48.95% decline in the past week. According to data from CoinMarketCap, Flow’s market cap is approximately $142.64 million, with a notable 43.73% decrease in 24-hour trading volume to $24.57 million. Flow(FLOW), daily chart, screenshot on CoinMarketCap at 21:17 UTC on December 31, 2025. Source: CoinMarketCap The Coincu Research Team analyzed the Flow network exploit and predicted potential enhanced regulatory scrutiny and technological…

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Filed under: News - @ December 31, 2025 9:25 pm