FLOW token experiences private key leak incident, $4 million stolen, price plummets over 40%

HashBandit · 2025-12-27T18:40:10+00:00

Flow Foundation's Layer 1 blockchain experienced a security vulnerability, resulting in approximately $4 million worth of funds being stolen, with private keys potentially compromised by attackers. The Korean exchange has suspended deposit and withdrawal services for FLOW tokens, causing their price to drop by over 40%, while trading volume unexpectedly surged. The incident highlights the importance of security management in Web3.

HashBandit

2025-12-27 18:40:10

Abstract generation in progress

[Crypto World] Security vulnerabilities have been exposed on the Layer 1 blockchain of the Flow Foundation. According to on-chain analysis, approximately $4 million worth of funds have been stolen, and signs indicate that the private key was compromised by the attacker.

As soon as this news broke, leading Korean exchanges quickly suspended deposit and withdrawal services for the FLOW token. The market reaction was immediate—FLOW’s price plummeted from the sky, dropping over 40% in a short period and reaching a low of around $0.10.

Interestingly, during such extreme uncertainty, trading activity became unusually active. Trading volume surged to over $170 million. It seems some are bottom-fishing while others are liquidating, and market sentiment is quite chaotic.

The Flow Foundation is currently conducting an in-depth investigation into the specific details of the attack, but given the private key leak, the root cause may lie on the user side or in some key management process. This incident also serves as a stark reminder—security management remains the top priority in the Web3 world.

FLOW-30.74%

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TomMadeALotOfMoney

· 1h ago

Damn, private keys can be leaked? How bad is that, no wonder it dropped forty points directly. --- Liquidity exhaustion is the real death knell; if no one takes the other side, the price is just being pushed down to death. --- When a Korean exchange suspends deposits and withdrawals, the entire market dies. I really can't understand this move. --- Losing four million is gone, but a forty percent drop definitely isn't the bottom; there are still people to cut in the future. --- I've never heard of a passive liquidity crisis before, but it sounds really hopeless... --- Wait, how did the private keys get leaked? Is Flow's security audit a joke? --- That's why I never keep coins on small exchanges; a suspension of deposits and withdrawals can wipe out the entire market. --- A 40% drop sounds scary, but compared to the feeling of no one taking the other side, the numbers are actually less terrifying.

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ZkProofPudding

· 4h ago

Private key leakage is the end of it. FLOW is truly hopeless this time, nobody wants it even if it drops to 0.1. --- 4 million gone. This is why I always emphasize the importance of self-custody, but no one listens. --- 1.7 billion in trading volume haha, isn't this gambling? Brothers trying to bottom out, but this time they probably bet wrong. --- When will the Flow Foundation take responsibility for this? The more I investigate, the darker it gets. --- Another private key leak. Could it still be a virus on an employee's computer? --- If it drops more than 40%, I want to see who else is willing to take over. --- These days, Layer 1 projects can't even open an exchange without some issue. --- Korean exchanges react super quickly. Others are only starting to respond now.

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BearMarketSunriser

· 4h ago

Private keys can be stolen, this kind of thing is really outrageous. Flow is probably going to be out of the game for a while this time. --- Once again, private key leaks. It feels like these project teams really lack security awareness. --- For those who bought the dip at $0.1, let's pray together, hahaha. --- Trading volume of 170 million is still pushing forward. It seems some people haven't woken up yet. --- The response speed of the Korean exchange is quite fast, but FLOW should have been out of the game a long time ago. --- If you can't even manage your keys properly and still call it Layer 1, I can't help but laugh. --- A 40% drop is considered small; I bet there will be another wave coming later. --- The dip buyers and the panic sellers are battling in the same market. This scene is truly exciting.

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CounterIndicator

· 4h ago

Private keys can be leaked, are security measures just for show? --- Another feast of leek cutting, the bottom-fishing heroes are getting excited --- A 40% drop, some cry, some laugh, just like that --- Such poor key management, Flow really needs to reflect --- 1.7 billion in trading volume... this chaos is real --- $0.1, are the gamblers ready to take action? --- $4 million disappeared in an instant, is this the current state of Web3? --- Korean exchanges stop withdrawals instantly, can't even run --- Holding the private key, I own the world, but I might also lose this hand --- Watching these people trade wildly in hellish declines, I just want to say, your plan is totally broken

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TradingNightmare

· 4h ago

Private key leak? This is the same old story, every time it's about key management issues. Losing 4 million, well, it's gone. The show is about to begin. $0.1? Dare to buy the dip? I wouldn't dare to touch it. $170 million in trading volume, the number of retail investors is astonishing. Flow really dropped the ball this time. Hurry up and find out what’s going on. A 40% drop? I think it might continue to fall further. Some people are going all-in to buy the dip, others are running away. Anyway, I’m just watching the show. When will the foundation’s investigation results come out? Don’t tell me it’s another month of silence. Still making basic mistakes like key management errors, truly despairing. Exchanges suspending deposits and withdrawals—wise move, or else more scams. Another private key leak. Shouldn’t we reflect on our security procedures? I wouldn’t dare to buy at $0.1. How low does it have to go before it’s considered the bottom?

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fren_with_benefits

· 4h ago

Private key leaks really make it impossible to play; it feels like the crypto world has never been secure. --- $4 million lost, how many people are going to go bankrupt? --- Why aren't more people buying the dip at the bottom? Anyway, it's already fallen to this point. --- It's another case of chaotic private key management; such basic mistakes are still happening repeatedly. --- $170 million in trading volume—how many people are betting that FLOW will rebound? --- Is $0.10 the bottom? I wouldn't dare to buy even if you paid me. --- Korean exchanges have suspended deposits and withdrawals—are they trying to prevent people from fleeing? --- Let's see who ends up taking the final bailout; surely someone will suffer heavy losses. --- Why are key administrators so unreliable? --- It's already 2024, and private key leaks are still happening—truly unbelievable.

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HypotheticalLiquidator

· 4h ago

Private key compromise marks the beginning of systemic risk; 4 million USD is just the appetizer. --- How much of the 170 million in trading volume was liquidated? The guys daring to buy the dip now, how low does the liquidation price need to be for them to sleep well? --- Once again, a key management vulnerability—many projects have died here. If Flow can come out alive this time, it’s a blessing. --- Is there still someone buying at $0.1? Either true believers or gamblers—most of the time, it's hard to tell the difference. --- Exchanges are urgently suspending deposits and withdrawals—that's standard procedure. What's next? Will they continue to hold the tray or run away? Watch and see. --- Is the root cause in key management? Just listen; the real risk control loophole has long been engraved on the chain.

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