Flow details December exploit that led to $3.9M in losses due to counterfeit tokens

Flow has reported on a December exploit that resulted in losses of $3.9 million due to counterfeit tokens. The incident involved the creation and distribution of fake tokens that were mistakenly accepted by users and platforms. Flow's investigation revealed that the exploit was linked to vulnerabilities in their smart contract system. The company is taking steps to enhance security measures and prevent future occurrences. They are also working to reimburse affected users and improve overall trust in the platform.

Read the full article: Coin Telegraph

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