{"id":2085,"date":"2026-01-02T10:03:30","date_gmt":"2026-01-02T15:03:30","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=2085"},"modified":"2026-01-02T10:03:33","modified_gmt":"2026-01-02T15:03:33","slug":"flow","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/flow\/","title":{"rendered":"Flow Nears Full Recovery, EVM Set to Return Within 24 Hours"},"content":{"rendered":"\n
\"Flow<\/figure>\n\n\n\n

The Flow blockchain is moving faster than expected in its recovery from last week\u2019s $3.9 million exploit, with developers now targeting a full return of Ethereum Virtual Machine (EVM) functionality within 24 hours.<\/h2>\n\n\n\n

In a Jan. 1 update shared on X, the Flow Foundation said remediation efforts have entered Phase 2<\/strong> of its multi-step recovery plan, highlighting \u201csignificant progress\u201d across the network. Most notably, Flow<\/a> developers have found a way to restore EVM operations while continuing repairs on the network\u2019s native Cadence environment\u2014allowing both systems to be fixed in parallel rather than one at a time.<\/p>\n\n\n\n

According to the update, the Flow Community Governance Council is currently executing cleanup transactions under strict boundaries defined by network validators. This approach is designed to carefully remove the damage caused by the exploit without disrupting legitimate user activity.<\/p>\n\n\n\n

On the Cadence side, teams are conducting a detailed, account-by-account review. The goal is to identify and permanently destroy any tokens that were fraudulently created during the attack. This painstaking verification process is being supported by external forensic firms, which Flow says will help speed up remediation while maintaining security and accuracy.<\/p>\n\n\n\n

Meanwhile, the EVM layer is being brought back online with added safeguards. Some accounts flagged as suspicious will face temporary restrictions during the cleanup process to prevent further misuse. Flow emphasized that these measures are limited in scope and intended to allow the broader network to resume normal operations as quickly as possible.<\/p>\n\n\n\n

\u201cBarring unforeseen blockers, the EVM network is expected to be online within 24 hours of the publication of this announcement,\u201d the Foundation said.<\/p>\n\n\n\n

Once both Cadence and EVM environments are fully restored, Flow estimates that more than 99.9% of user accounts<\/strong> will regain complete access to their funds and be able to transact normally across the network.<\/p>\n\n\n\n

What happened?<\/h3>\n\n\n\n

The recovery effort follows a major security incident on Dec. 27, when Flow was forced to halt network operations after attackers exploited a critical execution-layer vulnerability tied to its cross-chain communication logic. The flaw allowed the attacker to mint approximately 150 million FLOW tokens<\/strong> and transfer millions of dollars\u2019 worth of assets to external exchanges.<\/p>\n\n\n\n

In total, around $3.9 million<\/strong> was drained. The incident also triggered a sharp market reaction, with the FLOW token price plunging nearly 50%<\/strong> after several major South Korean exchanges suspended trading and withdrawals.<\/p>\n\n\n\n

Initially, the Flow Foundation proposed a full-chain rollback to reverse the exploit. However, the idea faced strong backlash from the community, which raised concerns about centralization and the potential impact on transaction finality. In response, Flow abandoned the rollback plan in favor of its current, more targeted multi-phase recovery strategy.<\/p>\n\n\n\n

Looking ahead, the final Phase 4<\/strong> will focus on reopening cross-chain bridges and resuming exchange-related activity. Flow said this step will only move forward once the network\u2019s stability has been fully verified.<\/p>\n\n\n\n

For now, the foundation says the priority remains restoring functionality safely\u2014while ensuring the vast majority of users can return to normal as soon as possible.<\/p>\n\n\n\n

Also Read:\u00a0Filecoin Signals Bullish Turn as Exchange Supply Shrinks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Flow blockchain is moving faster than expected in its recovery from last week\u2019s $3.9 million exploit, with developers now … <\/p>\n

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