Flow tokens experienced a shocking decline in the past 4 hours, with a flash crash of 52%. On-chain data shows that large holders are continuously selling大量$FLOW on a certain DEX, triggering a chain reaction. This abnormal selling pressure has already alarmed multiple exchanges——Korean well-known trading platform Upbit has issued a risk warning and has currently suspended deposit services.
What’s more noteworthy is that the Flow Foundation officially issued an emergency statement, indicating that they are investigating a potential security incident on the Flow network. This security risk is very likely the trigger for the market’s abnormal volatility. The official has not disclosed specific details of the incident, but given the intense market reaction, the severity of the security vulnerability should not be underestimated.
The Flow community is currently awaiting further updates from the official sources. Holders should closely monitor subsequent statements and carefully assess their own risk exposure.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
3
Repost
Share
Comment
0/400
quietly_staking
· 11h ago
It's the same old trick again—security incidents + big whales fleeing, Flow is completely done this time.
View OriginalReply0
ApeWithNoChain
· 11h ago
Another security incident drama is happening again. Is Flow about to be gone?
A 52% flash crash is really incredible. The big players probably knew something in advance.
The security vulnerability was not explained clearly before the explosion. This move is really bold.
The Flow Foundation's response this time is a bit slow. What were they doing earlier?
I really don't believe it can rebound afterward. Once such a thing happens, it's basically over.
View OriginalReply0
MevWhisperer
· 11h ago
Is it another whale dumping? I bet five bucks it's an inside job.
This set of explanations for security incidents is really getting worse and worse.
Is Flow going to fail? Condolences to everyone holding positions.
There must be a conspiracy behind the big drop. Wake up, everyone.
Selling off 52%—oh my, who can withstand that?
Flow's official response is once again dodging the issue, not revealing any details.
It's definitely people who knew in advance who are panic selling, so realistic.
This is Web3's "security," so funny I can't stop laughing.
Flow tokens experienced a shocking decline in the past 4 hours, with a flash crash of 52%. On-chain data shows that large holders are continuously selling大量$FLOW on a certain DEX, triggering a chain reaction. This abnormal selling pressure has already alarmed multiple exchanges——Korean well-known trading platform Upbit has issued a risk warning and has currently suspended deposit services.
What’s more noteworthy is that the Flow Foundation officially issued an emergency statement, indicating that they are investigating a potential security incident on the Flow network. This security risk is very likely the trigger for the market’s abnormal volatility. The official has not disclosed specific details of the incident, but given the intense market reaction, the severity of the security vulnerability should not be underestimated.
The Flow community is currently awaiting further updates from the official sources. Holders should closely monitor subsequent statements and carefully assess their own risk exposure.