According to Odaily Odaily, monitoring by Abdelaziz Fathi, the Flow network was attacked and shut down on December 27th, causing the Repayment function of the NFT lending protocol within the Flow ecosystem to be interrupted, forcing multiple matured loans to default. The Flow Foundation had previously suspended the Cadence execution environment until the morning of December 29th.
Flowty announced on the X platform that 11 loans matured during the shutdown period, of which 8 have already defaulted, and 2 could not be settled due to account restrictions. Although Flow has resumed online service, core functions such as token exchange remain restricted, and borrowers cannot access the assets needed for repayment. Flowty suspended settlement of all loans from 14:15 on December 30th; loans maturing during this period will neither be repaid nor defaulted. The current price of Flow is approximately $0.086.
