Flow Foundation drops chain rollback plan after $3.9M exploit sparks decentralization concerns

After a reported $3.9 million exploit of the Flow blockchain on Saturday, the Flow Foundation abandoned an earlier proposal to roll back the layer-1 chain following community criticism over decentralization and security. In an updated plan shared on Monday, Flow said affected accounts have been temporarily restricted, EVM operations set to read-only, and confirmed there will be no chain reorganization, while warning that full asset recovery remains uncertain.