Flow Foundation has announced collaboration with forensic agencies and global exchanges following a security incident on December 27. The foundation reported that shortly after the incident, a single account deposited approximately 150 million FLOW tokens, representing 10% of the total supply, into an exchange. Part of these tokens were converted to BTC, with over $5 million withdrawn just hours before the network was paused. This activity highlighted deficiencies in AML/KYC controls, transferring risk to unaware market participants. Forensic analysis also revealed abnormal trading patterns in the exchange's FLOW market around the time of the incident. However, the foundation's requests for clarification through existing channels have gone unanswered.
Flow Foundation Investigates Security Incident Involving 150 Million FLOW
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