Flow Network Loses $3.9M in December Exploit Involving Counterfeit Tokens

Flow Network Loses $3.9M in December Exploit Involving Counterfeit Tokens

First seen 1 Feb 2026, 01:23 UTC •TradingviewBitgetCryptopolitanRedditCastlecrypto.Gg •87% similarity •20.3

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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.

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