BlockBeats News: On January 1, the Flow Foundation issued a statement regarding coordination with trading platforms following the vulnerability attack on December 27. Since the incident occurred, the Flow Foundation and its digital forensics partners have collaborated with global trading platforms to protect users and restore operations. Partners include Kraken, Coinbase, and Upbit, with Kraken having already resumed services.
The Flow Foundation expressed concerns regarding how a trading platform handled this incident. Within hours after the vulnerability was exploited, a single account deposited 150 million FLOW tokens into the platform, accounting for approximately 10% of the total token supply. A significant portion of these tokens was then exchanged for BTC, and over $5 million was withdrawn within a few short hours before the network was suspended. This transaction pattern indicates flaws in the platform's anti-money laundering/know your customer (AML/KYC) procedures and shifts financial risks onto users who unknowingly purchased fraudulent tokens.
Forensic analysts have found that the trading platform exhibited significant abnormal trading activities on the FLOW trading pair, both before and after the network outage, which deviated clearly from normal market behavior. Multiple requests for explanations regarding these trading patterns have been made through operational channels, but no response has been received to date.