deBridge founder Alex Smirnov calls on Flow blockchain validators to halt transactions until a remediation plan is in place after a $3.9 million theft due to an exploit. Flow blockchain remains stuck at block height 137,385,824. The FLOW token has dropped 42% since the attack, impacting user balances and assets.

Chain rollbacks are controversial as they undo confirmed transactions, creating uncertainty in user account balances. Smirnov criticizes Flow for not notifying partners of the chain rollback, causing potential financial damage. Crypto exchanges listing FLOW token may face challenges with deposits and withdrawals during the rollback window.

Dapper Labs, creator of Flow blockchain, states that no user balances or assets were affected by the exploit. Critics, including Gabriel Shapiro, argue that Flow’s resolution approach creates unbacked assets and impacts bridges and issuers. Flow falls short of early expectations with $85.5 million in value locked and FLOW falling outside the top 300 tokens by market cap.

Read more at Cointelegraph: Flow Validators Urged To Halt Work After Chain Rollback