Flow plans network rollback to address $3.9M exploit

The NFT-focused Layer 1 blockchain Flow (FLOW) plans to conduct a network rollback to address a recent exploit, The Block reported. An attacker previously stole $3.9 million by illicitly minting FLOW, WBTC, WETH, and various stablecoins. The price of FLOW fell approximately 40% immediately following the incident. However, the decision has drawn criticism from some quarters, who argue the Flow team made the move unilaterally without prior communication.