🚨 Flow Network Hack: Recovery Complete & Burn Scheduled for Jan 30! 🔥
Following the recent security breach that led to the creation of "phantom" tokens, the Flow Foundation has announced a definitive roadmap to restore the ecosystem's integrity.
🛠️ The Recovery Breakdown:
Tokens Secured: The Flow Council has confirmed that the fraudulent tokens have been successfully recovered from major exchanges and are now isolated on-chain.
The Big Burn: A permanent Burn Event is officially scheduled for January 30, 2026. This will permanently remove the fake supply from the circulating volume. ⚖️
Governance Reset: The emergency powers granted to the Council—the first in Flow’s 5-year history—will be revoked by the end of this month, returning the network to its standard decentralized state.
Transparency First: All recovery actions remain 100% transparent and auditable on-chain, ensuring the community can verify every step of the process. ⛓️
📈 Market Impact & Outlook:
Several exchanges have already resumed deposits and withdrawals. The Foundation is currently working with remaining partners to assess the final impact and restore full services.
As the fake supply is eliminated and gateways reopen, the big question remains: Will FLOW regain investor confidence for a price rally, or will this incident leave a long-term mark? 🧐
Disclaimer: This news is for reference only and does not constitute investment advice. Always DYOR (Do Your Own
Research) before making financial decisions.👇
$FLOW
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