Flow has canceled its 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 cyberattack. The company has developed a recovery plan that preserves the transaction history.

The initially proposed recovery plan was criticized for its potential to weaken the decentralized structure. This raised concerns about increased operational risks.

The mentioned new recovery plan includes account restrictions and token burn methods aimed at targeting assets that were exposed to fraud. However, it is reported that the uncertainty regarding the recovery of the stolen funds remains.