Flow blockchain appears to have experienced a cybersecurity risk outbreak, and as soon as the news broke, the market reacted immediately—token prices plummeted from 0.17 to 0.11, a 30% drop catching holders off guard.
Seeing the situation was abnormal, Korean exchanges acted quickly. Upbit, Bithumb, and Coinone, three leading platforms, issued announcements stating that due to suspected security vulnerabilities in Flow, they temporarily suspended deposits and withdrawals of the token. Not only that, the Digital Asset Exchange Alliance (DAXA) in Korea also issued a "Trading Risk Warning," serving as a precaution for investors.
According to the Flow team, they are investigating a "potential security incident that may affect the Flow network," but the specific issues and the extent of the impact have not been disclosed yet. In this information vacuum, market panic tends to amplify.
Speaking of Flow, it once enjoyed a high of $42.4—now it has fallen to 0.11. From its peak to now, the difference is night and day. Whether this security incident can be resolved may be the key to determining Flow's future trajectory.
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GateUser-75ee51e7
· 15h ago
42 dollars dropped to 0.11, how much did I lose... I won't say anymore, I already cleared my Flow position long ago.
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GasWaster
· 15h ago
It's the same old story, information asymmetry is how they harvest retail investors.
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42 yuan to 0.11? Wow, that must have caused a lot of people to take losses.
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The response from Korean exchanges is quick, but what about here?
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Not even releasing details, how are people supposed to play? This is outrageous.
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Flow probably won't come back this time, feels like it's cooling off.
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A 30% plunge, many probably got liquidated.
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The risk warning came a bit late, didn't it?
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Not revealing details about the operation clearly shows guilt.
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From 42 to 0.11, this is the true picture of the crypto world.
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CoffeeNFTs
· 15h ago
Flow is really done this time, dropping from $42 to $0.11. Who can withstand such a gap?
The most terrifying thing is the information vacuum. When the team doesn't clarify, it makes people fear more and more.
The Korean exchange delisting so quickly indicates that the matter is indeed serious.
A 30% drop like this? I suspect there's more to come.
What exactly is the team investigating? Not saying anything while holding back only makes people trust them less.
That's why I never go all-in on a single project. It's too frightening.
Whether Flow can survive depends entirely on how they handle this situation. Who dares to take over now?
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GasWrangler
· 15h ago
technically speaking, if you actually analyze the data here—the 30% dump is demonstrably the market pricing in unquantified risk. flow's lack of transparency on specifics? that's sub-optimal communication at best. from 42.4 down to 0.11... empirically proven failure of execution, ngl
Flow blockchain appears to have experienced a cybersecurity risk outbreak, and as soon as the news broke, the market reacted immediately—token prices plummeted from 0.17 to 0.11, a 30% drop catching holders off guard.
Seeing the situation was abnormal, Korean exchanges acted quickly. Upbit, Bithumb, and Coinone, three leading platforms, issued announcements stating that due to suspected security vulnerabilities in Flow, they temporarily suspended deposits and withdrawals of the token. Not only that, the Digital Asset Exchange Alliance (DAXA) in Korea also issued a "Trading Risk Warning," serving as a precaution for investors.
According to the Flow team, they are investigating a "potential security incident that may affect the Flow network," but the specific issues and the extent of the impact have not been disclosed yet. In this information vacuum, market panic tends to amplify.
Speaking of Flow, it once enjoyed a high of $42.4—now it has fallen to 0.11. From its peak to now, the difference is night and day. Whether this security incident can be resolved may be the key to determining Flow's future trajectory.