ChainCatcher reports that the Flow Foundation has issued a statement regarding its coordination efforts with exchanges following the exploit incident. Since the incident, the Flow Foundation and its forensic partners have collaborated with exchanges worldwide to protect users and restore operations, including Kraken, Coinbase, and Upbit. Kraken has already resumed service.
The Flow Foundation has expressed concern about how a certain exchange handled the incident. Within hours of the vulnerability occurring, an account deposited 150 million FLOW tokens (approximately 10% of the total supply), exchanged most of the tokens for BTC, and withdrew over $5 million before the network outage. The Flow Foundation believes this trading pattern indicates a flaw in its AML/KYC processes. Legal analysts discovered significant trading anomalies at the exchange both before and after the network outage. The Flow Foundation's requests for clarification through operational channels have been unsuccessful, and it is now urgently appealing for a meeting with the exchange's top management to resolve the issue. The Flow Foundation is currently cooperating with law enforcement investigations.
