Flow destroys 87.4 billion counterfeit tokens from December $3.9M security incident

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This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

Flow Network Loses $3.9M in December Exploit Involving Counterfeit Tokens In December, the Flow network experienced a security incident resulting in a loss of $3.9 million due to counterfeit tokens. The attacker exploited a vulnerability in Flow's Cadence runtime, which allowed the creation of these counterfeit assets. Following the incident, Flow has burned 87.4 billion of the counterfeit tokens. 5 sources 20