Flow Pushes Ahead With Recovery as Binance Acts

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The Flow Foundation says it is nearing full restoration of the network after scrapping a controversial rollback proposal earlier this week. According to the foundation, Cadence and EVM functionality have already been restored in parallel, with remaining efforts focused on user account recovery and the remediation of fraudulent tokens.

Flow has pledged to release a comprehensive post-mortem report within days, aiming to rebuild confidence after the $3.9 million exploit. Meanwhile, Binance’s removal of FLOW trading pairs and heightened monitoring underscores how security incidents can quickly ripple through exchanges, liquidity, and market perception — even without direct public attribution.

[chainsniff]

watching Flow call it an aml/kyc failure while traders connect the dots is peak crypto drama