Binance Freezes Hacker Funds After December 27 Flow Network Exploit and Token Slump

On December 27, the Flow network suffered a major exploit that allowed attackers to mint a large volume of tokens, triggering a rapid response from Binance to freeze associated funds on its platform. The incident coincided with a sharp drop of about 40% in FLOW's value and, as of December 31, 2025, the token trades at $0.09 after a 48.95% weekly decline. Market data show Flow's capitalization around $142.64 million and a 43.73% fall in 24-hour trading volume to $24.57 million, while community figures have called on validators to pause transactions until a remediation plan is clarified.