Opinion: Flow's decision to roll back its blockchain without consulting its main bridging partners could result in potential economic losses far exceeding the vulnerability itself.

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[Opinion: Flow's decision to roll back its blockchain without prior communication with key bridging partners could result in potential economic losses far exceeding the vulnerability itself] According to Mars Finance, on December 28th, deBridge co-founder Alex Smirnov posted on the X platform that the Flow team has decided to roll back its blockchain, claiming it is currently in a mandatory synchronization window with key ecosystem partners (bridges, centralized exchanges, and decentralized exchanges). As one of Flow's main bridging providers, deBridge has not received any communication or coordination from the Flow team, potentially posing a significant risk. Alex Smirnov stated that the economic losses caused by the hasty rollback could far exceed the impact of the original attack. The rollback will introduce systemic problems, affecting bridges, custodians, users, and counterparties who acted honestly during the affected window. Alex Smirnov urged all Flow validators to stop validating transactions on the rollback chain until a clear compensation plan, coordination with ecosystem partners, and intervention from the security team are in place. Currently, RPC responses indicate that Flow's state has been rolled back, but no new transactions have been accepted.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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