Flow confirms: Approximately $3.9 million in assets were transferred out of the network, and validators immediately executed a coordinated pause

According to TechFlow, on December 29, the Flow blockchain suffered a security vulnerability attack, with approximately $3.9 million in assets transferred out of the network. Validators immediately executed a coordinated pause.

The Flow Foundation is currently working closely with validators, core developers, and ecosystem partners to develop a network recovery plan. The official statement confirmed that user funds remain unaffected, and technical repair steps are being verified.

The ecosystem coordination phase is expected to be completed within 2-3 hours, and the next status update will be released at 6:00 PM Pacific Time on December 29. The Foundation stated that the extended coordination time is to ensure the network can resume stable and orderly operations.