Hacker Attack Cuts Flow in Half, Rollback Plan Sparks Civil War Within Ecosystem
A severe hack targeting the Flow blockchain, developed by Dapper Labs, led to the theft of approximately $3.9 million due to an execution layer vulnerability. The incident caused the token FLOW to plummet by over 50%, dropping from $0.173 to $0.079, though it later partially recovered to around $0.107.
Initially, the Flow Foundation proposed rolling back the network to a checkpoint before the attack to remove all transactions within a six-hour window, aiming to eliminate fraudulent activity. However, this plan faced strong opposition from cross-chain bridge partners and community members. Key partners, including deBridge and LayerZero, warned that a rollback could cause severe issues like double-spending and inconsistent asset states across chains, potentially harming legitimate users and bridge operators.
Under significant criticism, Flow abandoned the rollback plan and instead adopted an "Isolation and Recovery" strategy. This new approach involves no chain reorganization, preserves all legitimate user transactions, and temporarily restricts accounts that received illicitly minted assets. The recovery is being executed in phases, with Cadence environment repairs prioritized first, followed by gradual reactivation of EVM functionality and cross-chain services.
The incident sparked a broader debate about decentralization and chain integrity, with critics arguing that the initial rollback proposal revealed excessive centralization. The revised recovery plan has eased some tensions, but the event remains a significant test for Flow's ecosystem stability and trustworthiness.
Odaily星球日报12/29 05:09
