Flow Cancels Blockchain Buyback Plan

Flow's Recovery Plan Canceled in Response to 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 was criticized for its potential to weaken the decentralized structure. This raised concerns about increasing operational risks.

The mentioned new recovery plan includes account restrictions and token burns aimed at targeting assets that have been subject to fraud. However, it is reported that there remains uncertainty regarding the recovery of the stolen funds.