Binance released an update on the Flow cybersecurity incident: It has frozen the hacker's remaining funds on the platform and urged the project team to release a post-incident report.

[Binance Releases Update on Flow (FLOW) Cybersecurity Incident: Remaining Funds of Hacker Frozen on Platform, Urges Project to Disclose Post-Incident Report] Mars Finance reports that on December 31st, Binance released an update regarding the Flow (FLOW) cybersecurity incident: On December 27th, 2025, a serious security vulnerability occurred on the Flow (FLOW) network, where a hacker exploited a system vulnerability to mint a large number of tokens. Upon learning of the incident, Binance took immediate action. The team has successfully tracked down and frozen the hacker's remaining funds on the Binance platform, aiming to minimize losses and protect the rights of Flow token holders. Regarding this incident and the ongoing communication between Binance and the Flow project team, the following points are specifically noted: • Despite Binance's repeated proactive contact with the Flow project team and offers of support, the project team has not engaged in any substantive communication or cooperation since the incident occurred. • If the project team decides to adopt an independent on-chain recovery plan to address this hack, it is crucial to exclude addresses from major centralized exchanges (CEXs), including Binance wallets, as affected users from different CEXs have already received compensation. • We urge the Flow project team to release a comprehensive post-mortem report clearly explaining the root cause of this security incident and the measures to be taken to prevent similar incidents from recurring. Binance is also willing to provide security support to help strengthen the defenses of the Flow ecosystem if needed.