Flow.com Re-poster

The Flow Foundation maintains an unwavering dedication to guaranteeing that $FLOW remains accessible in all markets. To protect this access, the Flow Foundation and Dapper Labs formally submitted a filing today to the Seoul Central District Court. The purpose of this legal action is to halt the scheduled termination of FLOW trading support on three Korean exchanges, currently set for March 16.

Beyond this legal step, the network is seeing positive developments globally, with every major international exchange reinstating full services for FLOW. Within Korea, Korbit has cleared FLOW following an internal review. Internationally, HTX has independently confirmed full service restoration, and Binance recently removed its monitoring tag after releasing a joint resolution with the Flow Foundation this week.

Momentum within the Flow ecosystem is also gaining speed. Major brands such as the NFL, Disney, Ticketmaster, and the NBA are actively continuing their development on Flow. Additionally, the last quarter saw developer activity reach all-time highs, while an independent report from Messari has validated the network's trajectory toward consumer finance.

Please refer to the link below for a comprehensive update regarding exchange resolutions, our ongoing commitment to the Korean market, and the continued growth of the ecosystem.

Full article ⤵️

Ecosystem Update: HTX Confirms Full Resolution

@HTX_Global have published an update confirming the full resolution of the December 27 security incident on the Flow network.

HTX confirms that all FLOW assets held by users on their platform remain intact and fully validated. $FLOW trading, deposits, and withdrawals on HTX are open and operating normally.

HTX has also removed its previous notice from January 13, noting it no longer reflects their current assessment of the actions taken by the Flow team, based on the transparent and comprehensive post-incident report released by the Foundation.

Flow Foundation looks forward to continuing to work closely with the HTX team.

Ecosystem News: Issue Resolved in Partnership with Binance

Together, the Flow Foundation and @Binance have successfully finalized the resolution of the security incident that occurred on the Flow network on December 27.

Through a joint response effort, we have implemented all necessary measures to ensure the full protection of our users. We are happy to verify that every aspect of the security incident is now closed. As a result of this outcome, the $FLOW listing on Binance has resumed its normal status.

Both of our organizations maintain an unwavering commitment to constructing a crypto ecosystem for our communities that is safe, dependable, and resilient.

You can find the comprehensive announcement via the link below 🧵

@MessariCrypto has mapped out the complete trajectory for Flow. The network currently reports a stablecoin supply of $26M, with PYUSD representing 57.5% of the total. Essential features of the ecosystem include EVM equivalence, enshrined lending, and onchain automation. Additionally, consumer yield apps are arriving on the network.

https://messari.io/report/flow-network-from-collectibles-to-consumer-defi

Here is the blueprint for connecting with the next billion users. By utilizing a network of 2,000 vending machines and collaborating with 300+ creators, @24karat_io is successfully bringing mainstream consumers in Asia onto Flow. The process is so seamless that, although 99% of these users have never heard of blockchain, they are being onboarded without even knowing it.

https://flow.com/post/24karat-onboarding-mainstream-consumers-to-flow

We are happy to report that Korbit, the leading centralized exchange serving Korea, has successfully brought back comprehensive services for $FLOW. This update restores the ability for all Korean users to engage in trading, as well as making deposits and withdrawals 🇰🇷. By returning to a fully operational state for this asset, Korbit is now in the company of Coinbase, Kraken, HTX, Binance, MEXC, and OKX.

The Flow Foundation is executing a permanent burn of 50,343,896.87 FLOW today at 12:00 PM PT. Furthermore, the organization intends to procure an additional 50M FLOW for its long-term treasury over the coming months. These actions serve as a testament to the Foundation's broader commitment regarding $FLOW.
http://www.flow.com/post/flow-foundation-a-commitment-to-flow

Developers building on the Flow network can now access a funding pool exceeding $100K, distributed across hackathons, bounties, and grant programs. To facilitate the grant initiative, the network has teamed up with @dorahacks to introduce the Flow Grants DAO. For the current cycle, 50,000 FLOW is being allocated in grants, and teams that successfully deliver work will also gain access to continued advisory services and fundraising assistance.

If you aim to construct consumer apps designed to scale to millions, ensure your application is submitted before the deadline on Feb. 22.

You can locate the application link inside the 🧵

Be sure to follow @flow_developers to stay updated on further opportunities for builder assistance.

MEXC, a leading global exchange serving 40M+ users across 170+ countries, has resumed $FLOW trading, deposits, and withdrawals.

@MEXC_Official joins Binance, Coinbase, Kraken, OKX, HTX, and Gate as fully operational for $FLOW.

Hundreds of millions of users across major platforms now have access to $FLOW. Full services, including withdrawals, deposits, and trading, are officially live on both Binance and HTX. These platforms join Gate, OKX, Kraken, and Coinbase, all of which have been fully operational since finalizing their restoration processes earlier this year.

Meanwhile, the Foundation continues to engage in active discussions with DAXA member exchanges. With the assistance of local legal and advisory teams, the Foundation is maintaining a direct dialogue with DAXA to reinstate access for partners and users in Korea.

We fully appreciate the difficulties this situation presents for the Flow community in Korea. As such, achieving complete global access for all FLOW holders stands as the Foundation's highest operational priority. Further information regarding the status of exchanges will be provided no later than Friday, February 20.

The world's largest centralized exchange, Binance, has started the process of restoring $FLOW services. Access to trading, deposits, and withdrawals is set to go live imminently. Following diligent efforts to reinstate these services alongside @Binance, the Flow foundation looks forward to a continued close partnership with their team.

Since the security incident on December 27th, the Foundation has collaborated extensively with our centralized exchange partners to address all concerns and return to standard operations. We are happy to confirm that the network infrastructure is functioning exactly as anticipated, all counterfeit assets have been eliminated, and absolutely no user assets were affected.

Currently, HTX is performing concluding reviews to fully reinstate $FLOW services, which covers trading capabilities as well as deposits and withdrawals. Once complete, HTX will operate alongside Coinbase, OKX, Gate, Kraken, and other platforms that have already brought all $FLOW activities back online.

Regarding recent announcements, the Foundation is currently holding discussions with both DAXA and the Korean exchanges. We plan to release a detailed update on this matter within 72 hours.

Discussions with major centralized exchanges that had exposure to the fraudulent tokens have been successfully finalized.

Following the Flow security incident on December 27th, a handful of centralized exchanges paused trading and normal operations for FLOW. The Foundation has been in discussions with these partners over the last few weeks to help resolve any concerns they may have had. During discussions all involved parties prioritised ensuring minimal impact to users, and we are happy to report that no user assets were impacted.

Now with these discussions concluded, it’s expected the majority of them will resume trading throughout this week. These remaining exchanges will be joining Kraken, Gate, Coinbase, and others who have already enabled $FLOW trading.

Flow is secure, counterfeit assets have been destroyed, exchange operations are being restored, and the infrastructure is operating as expected.

Update on Celer Bridge Operations

We are pleased to announce that a solution has been reached in cooperation with Celer regarding ceWETH and ceWBTC holdings. These specific Celer bridges are scheduled to be discontinued; however, owners may swap their funds for matching assets on Flow EVM. For those seeking different connectivity solutions, Flow offers a variety of other significant bridging alternatives, detailed in the link below.

This replacement initiative applies comprehensively to every holder of ceWETH and ceWBTC within the Flow ecosystem. It does not matter how many tokens you own, the date you obtained them, or if they are stored on Cadence or EVM; if you have these assets on Flow, you qualify for the exchange.

To get started with the exchange, please send an email to support@flow.com. The Foundation is responsible for managing these requests directly.

Flow Foundation's Statement Regarding Exchange Coordination After December 27th Incident:

In the wake of the exploit that occurred on December 27th, the Flow Foundation, along with our forensic partners, has been tirelessly collaborating with global exchanges to safeguard users and restore standard operations. We would like to commend Kraken, Coinbase, and Upbit for their exceptional cooperation, with Kraken having already resumed its normal services.

However, we have serious concerns regarding the actions taken by one exchange in response to this incident. Just hours after the exploit, a single account deposited an astonishing 150 million $FLOW, which constitutes nearly 10% of the overall token supply. This account then converted a significant portion of those funds into BTC and withdrew over $5 million within just a few hours before the network was halted. Such a transaction pattern indicates a failure in AML/KYC protocols, shifting financial risks onto users who inadvertently acquired counterfeit tokens.

Forensic experts have detected notable trading anomalies on this exchange's $FLOW markets that do not align with typical market behavior, both prior to and following the network suspension. Our attempts to seek clarification regarding these trading activities through operational channels have not received any responses. We urgently request a high-level meeting to discuss these issues and to develop a strategy that ensures user protection across all platforms. We are optimistic that a constructive resolution is achievable, but it necessitates open and transparent dialogue.

The Flow Foundation is fully cooperating with law enforcement and ongoing investigations.

We are dedicated to safeguarding every user impacted by this exploit, irrespective of the platform they utilize.

The Flow Foundation is presently looking into a possible security incident that may impact the Flow network.

Our engineering teams are working closely with network partners to address the situation. Verified updates will be shared as soon as they become available.

@flowverse The Flow Foundation is in the process of examining a possible security incident that may impact the Flow network.

Our engineering teams are working closely with network partners to address the situation. We will share additional updates, verified for accuracy, as soon as they become available.

Pioneering the developing sector of DeFi vaults, @MORE_DeFi is prioritizing transparency, security, and composability.

In 2026, its omnichain permissionless vaults have seen significant growth.

Developers on Flow are establishing the groundwork for the future of Consumer DeFi.