The Flow team made a highly controversial decision on December 28th — to roll back all on-chain data. Once this news broke, no one in the ecosystem could stay calm.
Alex Smirnov, co-founder of a well-known bridging service provider, voiced three major issues on social media:
**The biggest point of contention is the lack of coordination.** The Flow team did not properly communicate with ecosystem partners (such as bridge providers, CEXs, DEXs) beforehand. As the main bridge operator for Flow, they were completely reactive, and the risk exposure was suddenly amplified.
**A deeper hidden danger is that economic losses could backfire.** Rushing to roll back the entire chain could cause economic shocks far beyond the initial attack. Those who acted properly during the impact period—bridges, custodians, users, and counterparties—suffered unjust losses. Trust in a chain is built with every transaction; a rollback erases it all.
**He issued a warning:** All Flow validators should hold off on acting for now. Until the compensation plan is implemented, all parties are coordinated, and the security team has completed a thorough assessment, do not validate new transactions on the chain. Now that the chain has been rolled back and new transactions have not yet resumed, every decision during this window will determine whether the entire ecosystem can stabilize.
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BrotherAndy
· 1h ago
Repeatedly friction with a capital fee 😂
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ChainMelonWatcher
· 8h ago
Rollback the entire chain data? That operation is truly incredible, trust value is directly reset to zero.
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Even ecosystem partners weren't notified, isn't this shifting blame? No wonder Alex is furious.
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No, is the trust of a single chain just gone like that? My goodness, this is even worse than being attacked.
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Wait a moment before acting. That's right, rushing to verify new transactions now is just asking for trouble.
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Economic shock surpassing the attack itself? Truly remarkable, the ones hurt are us small retail investors.
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Flow's recent move is really self-defeating, they didn't even coordinate and just forcibly rolled back.
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I really don't dare to touch current chains anymore, who knows when the next incident will happen.
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ChainWallflower
· 8h ago
This rollback is really funny. They did it without any communication, and everyone in the ecosystem has to take the blame.
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DefiEngineerJack
· 8h ago
nah this is actually™ the most textbook example of why you need formal governance before shipping to mainnet. flow devs really said "move fast and break things" but forgot about the entire ecosystem sitting on top lol
Reply0
AirdropFreedom
· 8h ago
This time, the defenses are completely broken. Flow said rollback and rollback, ecosystem partners are just cannon fodder.
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It's another after-the-fact armchair strategist. Why not communicate in advance when taking action?
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Trust has collapsed, more deadly than being attacked.
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Validators should now hold their ground and let the bullets fly for a while.
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Laughing to death, how many people's confidence has been destroyed by a rollback.
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The bridge builder really took the fall this time, so unfair.
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Waiting for compensation plans? I think they're just waiting to be dealt with.
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If there's no coordination, just act directly. What kind of operation is this?
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The economic loss backlash hit the point; restoring trust in the chain is not so easy.
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Who still dares to sincerely build the ecosystem now?
The Flow team made a highly controversial decision on December 28th — to roll back all on-chain data. Once this news broke, no one in the ecosystem could stay calm.
Alex Smirnov, co-founder of a well-known bridging service provider, voiced three major issues on social media:
**The biggest point of contention is the lack of coordination.** The Flow team did not properly communicate with ecosystem partners (such as bridge providers, CEXs, DEXs) beforehand. As the main bridge operator for Flow, they were completely reactive, and the risk exposure was suddenly amplified.
**A deeper hidden danger is that economic losses could backfire.** Rushing to roll back the entire chain could cause economic shocks far beyond the initial attack. Those who acted properly during the impact period—bridges, custodians, users, and counterparties—suffered unjust losses. Trust in a chain is built with every transaction; a rollback erases it all.
**He issued a warning:** All Flow validators should hold off on acting for now. Until the compensation plan is implemented, all parties are coordinated, and the security team has completed a thorough assessment, do not validate new transactions on the chain. Now that the chain has been rolled back and new transactions have not yet resumed, every decision during this window will determine whether the entire ecosystem can stabilize.