Flow canceled the Blockchain Buyback Plan.

Flow's Recovery Plan Canceled in Response to Community Backlash

Flow has abandoned 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 weaken the decentralized structure. This raised concerns about increased operational risks.

The mentioned new recovery plan includes account restrictions and token burn methods to target funds exposed to fraud. However, it is reported that the uncertainty around the recovery of stolen funds remains.