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Recently, the Flow blockchain network experienced a severe protocol-level vulnerability attack. The attacker exploited this vulnerability to unauthorizedly mint and circulate a large amount of FLOW tokens, directly impacting network stability and market order.
Huobi HTX responded to this crisis immediately, not only assisting the Flow team with on-chain tracking and risk control but also implementing freezing measures on all identifiable hacker-related assets. As a mainstream trading platform, HTX's prompt intervention in such sudden security incidents has, to some extent, mitigated the impact of a large influx of illegal FLOW into the market.
This incident has once again exposed systemic risks at the public chain level. Although the quick response from exchanges and project teams has been helpful, fundamentally, the existence of protocol vulnerabilities means that all participants in the ecosystem are in a passive defensive position. The Flow project team needs to complete vulnerability fixes and network recovery as soon as possible, while also establishing more rigorous security audit procedures. For users holding FLOW, this type of event also serves as a reminder to evaluate the project's technical security more carefully.