ChainCatcher reports that the Flow Foundation has issued a statement regarding coordination efforts among trading platforms following the vulnerability attack.
Since the incident, the Flow Foundation and its forensic partners have collaborated with global exchanges to protect users and restore operations, including Kraken, Coinbase, and Upbit. Kraken has resumed service. The Flow Foundation expressed concern about the handling of the incident by one particular exchange. Within hours of the vulnerability being exploited, a single account deposited 150 million FLOW tokens into the exchange, approximately 10% of the total token supply, subsequently converting a significant portion of these into BTC, and then withdrawing over $5 million in just hours before the network suspension. This trading pattern indicates a flaw in the exchange's Anti-Money Laundering/Know Your Customer (AML/KYC) processes, shifting financial risk to users who unknowingly purchased fraudulent tokens. Forensic analysts have identified significant deviations from normal market behavior in the FLOW trading pair on the exchange both before and after the network suspension. Multiple requests for explanation regarding these trading patterns have been made through operational channels, but no response has been received.
