Flow Advances Recovery Plan After $3.9M Exploit

The Flow network is advancing its recovery plan following a $3.9 million exploit. The project has moved into "phase two progress" on its Ethereum Virtual Machine (EVM) implementation to address the breach.

Developers initially considered a blockchain rollback but scrapped that plan. The team is now focusing on the EVM layer to secure the network and restore funds.

The Flow network is actively implementing its recovery strategy following a significant security breach. The project confirmed that it has entered the second phase of its recovery operations. This development comes after the network suffered a financial loss totaling $3.9 million.

Current efforts are centered on the network's Ethereum Virtual Machine (EVM) compatibility layer. The team is utilizing this infrastructure to execute the recovery steps. This approach represents a pivot from the initial strategy considered by the developers.

Before settling on the current EVM-focused strategy, the Flow team evaluated a different solution. They considered executing a blockchain rollback, which would have effectively reversed recent blocks to erase the exploit transactions.

However, the proposal to rollback the chain was ultimately abandoned. The specific reasons for scrapping the plan were not detailed, but the decision allowed the team to pivot to the current "phase two progress" on the EVM. This shift indicates a preference for a targeted recovery over a full network reorganization.

The decision to advance the recovery on the EVM rather than rolling back the blockchain highlights the technical complexities involved. A rollback is often viewed as a "nuclear option" in the blockchain space, as it can disrupt network consensus and transaction history.

By proceeding with the EVM-based recovery, Flow aims to resolve the $3.9M exploit while maintaining the continuity of the mainnet. This method likely involves smart contract adjustments or state changes specifically within the EVM environment to recover the lost assets.

The Flow network continues to navigate the aftermath of the $3.9 million exploit. With the rollback plan discarded, the focus remains firmly on advancing the recovery through the EVM. As "phase two progress" continues, the community watches closely for the restoration of funds and the implementation of enhanced security measures.