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Elena Zenth

Flow Blockchain Rollback on December 28 Triggers Backlash and Steep FLOW Price Decline

On December 28, deBridge co-founder Alex Smirnov criticized Flow blockchain's rollback, warning that poor coordination could inflict larger economic losses than the original exploit and create systemic risks for ecosystem partners. The incident coincided with a FLOW token slump of more than 40%, while the Flow Foundation's engineering teams started working with network participants on measures such as potential asset freezes.