flowty

According to FinanceFeeds, monitored by Abdelaziz Fathi, the Flow network experienced downtime after an attack on December 27, which disrupted the repayment functionality of the NFT lending protocol within the Flow ecosystem, forcing multiple overdue loans into default.The Flow Foundation had previously suspended the Cadence execution environment until the morning of December 29. Flowty posted on the X platform that a total of 11 loans were due during the downtime, of which 8 directly defaulted, and another 2 failed to settle due to account restrictions. Although Flow has resumed online operations, core functionalities such as token exchanges remain limited, preventing borrowers from accessing the assets needed for repayment. Flowty suspended the settlement of all loans starting from December 30 at 14:15, during which overdue loans will neither be repaid nor defaulted. Currently, the price of Flow is approximately $0.086.