As reported by AiCoin, Dapper Labs CEO Roham Gharegozlou stated on X that the Flow network resumed full operations following a security incident over the weekend. Attackers exploited an execution layer vulnerability to steal millions of dollars, but the ecosystem collaborated to halt the breach. Validators shut down the network within 30 minutes, and the core development team, alongside community developers, patched the vulnerability. Within 48 hours, the Flow Foundation, bridge operators, exchanges, and developers reached a consensus on a resolution. As of today, 99.9% of accounts have been restored. Gharegozlou noted that consumer accounts were protected, losses were isolated by the architecture, and the decentralized process remained stable, with Dapper users unaffected.
Flow Network Resumes Operations, 99.9% of Accounts Restored After Security Incident
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Summary
Flow Network resumes full operations after a security breach, with 99.9% of accounts restored. Dapper Labs CEO confirmed the network upgrade was completed following a coordinated effort by validators, developers, and partners. The incident involved an execution layer exploit, but the decentralized architecture limited losses. A resolution was reached within 48 hours, ensuring user accounts remained secure and the network upgrade stabilized the ecosystem.
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