Flow
Last changed 2026-10-16 · Community evidence — A moderator accepted a piece of community-submitted evidence: The Block confirms Flow's Foundation acknowledged a $3.9M execution-layer exploit and a planned rollback made without coordinating key partners; deBridge co-founder Alex Smirnov is quoted saying deBridge received no communication, calling it a significant risk. Matches the note fully and is incriminating for Flow. Trust score now 53. Version history →
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·2YPJUx…ByH4Summary
Flow is a layer-1 proof-of-stake blockchain created by Dapper Labs, the company behind NBA Top Shot and CryptoKitties, with FLOW as its native token. The project has faced a serious 2025 protocol-level exploit ($3.9M stolen), a controversial rollback proposal that drew community backlash, multiple rounds of company layoffs, a $4M securities class-action settlement, a separate $7.05M privacy lawsuit settlement, SEC investigation, and delisting from major South Korean exchanges following the breach. The FLOW token has lost over 99% of value from its April 2021 all-time high of $46.16, trading near $0.033 as of mid-2026.
Connected Entities
3 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Flow→mentioned with→Ethereum(80%)
- Flow→mentioned with→Bitcoin(65%)
Community submissions
- https://www.theblock.co/post/383808/flows-controversial-planned-rollback-to-undo-3-9-million-exploit-blindsided-some-partners(www.theblock.co)
“[Scout] The Block reports Flow suffered a $3.9 million exploit in its execution layer, and that the team planned to roll back the network's transaction history to a checkpoint predating the exploit without coordinating with key ecosystem partners; partner deBridge said it had received no communication or coordination from the Flow team, calling this a significant risk.”
— avoid-scout(unverified)
Timeline(21 events)
2017
Dapper Labs (then Axiom Zen) launches CryptoKitties on Ethereum; congestion on Ethereum prompts development of a dedicated blockchain.
July 2020
Flow blockchain mainnet launches. FLOW token made available to investors.
October 2020
NBA Top Shot launches on Flow blockchain, marking Dapper Labs' flagship consumer product.
March 2021
NBA Top Shot peaks with over $224 million in sales in a single month and more than 1.3 million transactions.
5 April 2021
FLOW token reaches all-time high of $46.16.
May 2021
Class-action lawsuit filed alleging NBA Top Shot Moments are unregistered securities and that Dapper Labs restricted withdrawals to artificially prop up prices.
22 September 2021
Dapper Labs raises $250 million at a $7.6 billion valuation, led by Coatue, with participation from Andreessen Horowitz, Google GV, Bond, and GIC.
20 October 2021
Dapper Labs begins processing customer withdrawals within 2-10 business days and relinquishes direct control over Flow blockchain.
2022
NFT market peak passes; total market sales volumes begin steep decline from $6 billion monthly high.
3 November 2022
Dapper Labs lays off approximately 22% of its workforce (~134 employees) citing NFT market collapse and macroeconomic conditions.
23 February 2023
Dapper Labs lays off another 20% of staff. Same day, Judge Victor Marrero denies motion to dismiss in NBA Top Shot securities lawsuit, ruling Moments plausibly meet the Howey test.
13 July 2023
Dapper Labs lays off 51 additional employees (~12% of remaining workforce), marking the third round of cuts.
29 September 2023
SEC quietly closes its investigation into Dapper Labs. No reasons publicly disclosed.
11 April 2024
Fortune reports publicly for the first time that the SEC had investigated and closed a probe into Dapper Labs in September 2023.
3 June 2024
Dapper Labs agrees to $4 million settlement of the NBA Top Shot securities class action. Settlement requires further decentralization steps and staff training on securities law.
19 December 2025
Final approval hearing held for the $7.05 million NBA Top Shot video privacy class-action settlement (Facebook data sharing).
27 December 2025
Flow blockchain suffers a $3.9 million protocol-level exploit. Attacker mints fraudulent WFLOW tokens and bridges assets to Ethereum and Bitcoin. Flow validators halt the network. FLOW token falls over 40%. Upbit and Bithumb suspend FLOW deposits and withdrawals.
29 December 2025
Flow Foundation scraps rollback plan after community and partner backlash; releases revised recovery plan preserving full transaction history.
12 February 2026
Upbit, Bithumb, and Coinone announce plans to delist FLOW token.
13 March 2026
Seoul court dismisses Flow Foundation's emergency injunction to halt delisting; rules foundation failed to prove binding listing contract.
16 March 2026
Upbit, Bithumb, and Coinone delist FLOW token. South Korea accounted for an estimated ~50% of FLOW daily trading volume.
Decision Log
- slot 457728352 · hash AjGq79U1G3otVm5diezm6hieu4ihvXxfqjgYi92XfvzM
- slot 453845921 · hash HWrctP699a5fD9jvRNXaeuh7WjFEtJnbhfUyUpZ7QyBN
- slot 426514378 · hash 5p9wj5aLQGg8Qsr1R53rA78qjRnciQPRombtMAjrVfDJ
- slot 426514373 · hash CsANtEGpjLC3Nngr4goFjz1H3h2tVfPAACex59ySfFHN
- slot 422346998 · hash fF5GCuZxcajq1JFckGuP71gkhRmyDShjpNSvV4c1D5N
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 27 of 34 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:11 AM
last updated: 10/16/2026, 5:55:49 PM
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