Flow Blockchain Scraps Rollback Plan After $3.9M Exploit Triggers Partner Revolt

Flow blockchain abandoned its controversial plan to roll back transaction history after a $3.9 million exploit on December 27, reversing course following fierce backlash from ecosystem partners. The network instead implemented a targeted recovery that preserves legitimate transactions while addressing counterfeit assets created through a sophisticated three-part type confusion attack. The attacker exploited vulnerabilities in…

Flow Blockchain Scraps Rollback Plan After $3.9M Exploit Triggers Partner Revolt

FTC Forces Nomad Bridge Operator to Repay $186M After Hack Exposed Security Failures

The Federal Trade Commission announced Tuesday it reached a proposed settlement with Illusory Systems Inc., operator of the Nomad cryptocurrency bridge, over a 2022 hack that drained $186 million from the platform. The settlement requires the company to return recovered funds, overhaul its security program, and undergo biennial audits after regulators found it marketed itself…

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