Flow canceled the Blockchain buyback plan.

Flow's Recovery Plan Canceled Amid Community Backlash

Flow has decided to abandon its blockchain recovery plan following a $3.9 million cyber attack. The company has developed a recovery plan that preserves transaction history.

The initially proposed recovery plan faced criticism due to its potential to undermine the decentralized structure. This raised concerns about increased operational risks.

The new recovery plan mentioned includes account restrictions and token burn methods to target the assets affected by fraud. However, the uncertainty regarding the recovery of the stolen funds remains reported.