Flow coin suddenly encountered a Waterloo at the end of December, with a decline exceeding 40%. Behind this sharp drop, a serious private key leak became the "culprit" — on December 27th, approximately $4 million evaporated due to this security vulnerability.



What’s most heartbreaking is that this incident caused a chain reaction in the Korean market. Several leading local trading platforms announced suspensions of deposits and withdrawals one after another, causing liquidity to directly fall into a vacuum. Unable to buy or sell, market pricing power instantly collapsed, and a free-fall in prices was no surprise. This kind of passive liquidity crisis is often more brutal than active selling because no one can take over.
FLOW-28,6%
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RektButAlivevip
· 6h ago
It's the old trick of private key leaks again. This time, Flow really got caught; $4 million just disappeared. Flow was literally strangled by the Korean market this time. Once liquidity is cut off, there's really no way out. What else can we do? Just watch the price free fall silently. That's the most terrifying part. Why are there always such basic security vulnerabilities? Truly speechless. Liquidity crises are even more brutal than sell-offs, and there's absolutely no one willing to step in. Another project heading to the history museum. This bear market is full of hidden mines.
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LiquidityHuntervip
· 6h ago
I saw this data at 3 a.m... $4 million evaporated on the 27th, and Korean exchanges simultaneously paused deposits and withdrawals. The liquidity gap is truly incredible. How exaggerated can the price difference get when no one is willing to take the other side?
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GateUser-a180694bvip
· 6h ago
Oh my, another private key leak. These teams really have no security awareness at all. Flow was definitely ground down this time; losing 4 million just like that, anyone would be affected. In Korea, once the exchange paused deposits and withdrawals, it was game over. That’s the real death spiral; no one to take over, and it just can't stop. I heard some people on the forum complaining that they couldn’t even sell at the time. The feeling of being passively bankrupt... don’t even mention it. Next time, I really need to be more cautious when choosing projects. I don’t even know if a technical audit was done.
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NFTregrettervip
· 6h ago
Another private key leak, what exactly is going on with these projects... Can't really prevent it --- Flow is really outrageous this time, losing 4 million USD just like that? Oh my God --- When a Korean exchange shuts down, liquidity instantly evaporates... that's the real killer --- The feeling of no one taking over is the scariest, worse than liquidation --- I knew it, security issues are always the biggest risk, no matter how good the code is --- This time the decline was over 40%... luckily I ran away early --- Passive liquidity crisis is indeed more intense, directly turning the market into an island --- Private key leaked again? When will they learn their lesson --- Just thinking about it makes me angry, four million USD... how many people's hard-earned money is that --- The chain reaction in the Korean market is really powerful, a single suspension of deposits and withdrawals causes total loss
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TomMadeALotOfMoneyvip
· 6h 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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AlphaBrainvip
· 6h 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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ApeWithNoChainvip
· 6h ago
Private key leak of 4 million? That's really incredible, Flow has dug its own grave. When the Korean exchange bans withdrawals, the entire market dies; lacking liquidity is more terrifying than anything. A 40% drop—how many people got liquidated... This time it's a bit outrageous; the liquidity crisis is truly more brutal than a dump. Flow's recent operations are really disappointing; if they can't even handle security issues, what's the point of playing on the mainnet? The fools who bought in have probably already run away; who dares to touch it now? Feels like a big trap; when the Korean market has issues, the whole world suffers. The leak of the private key probably means someone is sabotaging from the inside. I'm out, not touching this trash coin anymore. Don't know how much money was lost this time; it's heartbreaking to see these hard-earned savings vanish.
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