The story of the Flow blockchain hack has taken an unpleasant turn. First, the FLOW token lost 70% of its value due to the theft of $3.9 million worth of cryptocurrency. Then, an unsuccessful attempt was made to roll back the network, which the developers abandoned. However, the blockchain shutdown led to defaults on NFT collateral.

The hackers managed to cash out their loot, including through the Binance exchange, which the developers attempted to blame. In retaliation, Binance, the largest platform today, delisted the FLOW/BTC pair. The FLOW token itself has been added to the monitoring list as an unreliable asset.

Based on the results of an internal audit, it is possible that this cryptocurrency will be removed from Binance’s list of instruments altogether. This would mean that Flow developers would lose the opportunity to cooperate with venture funds and the DeFi market.

It is worth noting that Binance’s previous decision to ‘dump’ the FTT token led to the collapse of FTX and the crypto winter. While the market may not pay much attention to the collapse of Flow itself, such centralisation, which is capable of destroying projects, should alarm investors.

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