The Flow Foundation has been slammed for planning to roll back the layer 1 Flow chain to patch up a $3.9 million exploit, with one partner advising validators to stop processing transactions until further notice.
deBridge founder Alex Smirnov has urged validators on the Flow blockchain to stop processing transactions until the Flow Foundation devises a remediation plan for users impacted by its controversial rollback plan for the chain.
The rollback proposal was in response to the exploit of $3.9 million on Dec. 27 when an attacker used a flaw in Flow’s execution layer to mint tokens without authorization and siphoned funds off the chain via multiple cross-chain bridges.
deBridge is one of Flow’s main bridge providers and Smirnov called on Flow to clarify plans to address doubled balances for users who bridged out during the rollback window.
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