Flow: A certain exchange has abnormal transactions in the FLOW security incident, transferring the risk to users

Flow Foundation issued a statement regarding the coordination situation of exchanges after the vulnerability incident, stating that it has collaborated with forensic agencies and several global exchanges to protect users and restore network operations.

The foundation mentioned that shortly after the incident, a particular exchange saw a single account deposit approximately 150 million FLOW (about 10% of the total supply) and exchanged a significant portion of it for BTC, subsequently withdrawing over 5 million dollars within a few hours before the network interruption. This process exposed flaws in the AML/KYC procedures and transferred financial risks to users who unknowingly purchased fraudulent tokens. Forensic analysis also revealed significant trading anomalies in the FLOW market of that exchange before and after the incident, and the foundation's requests for clarification regarding these trading patterns through operational channels went unanswered.