TechFlow News, July 22: Flash.Trade issued an announcement stating that its temporary instance detected an unauthorized withdrawal of $98,000. As a precautionary measure, the platform has suspended trading, deposits, and withdrawals, and will launch an investigation within the next few hours.
The announcement stated that user funds were not affected, and this loss will be fully covered by the team. Flash.Trade also pointed out that thanks to the withdrawal batching and monitoring system recently launched, the incident was detected in a timely manner, and the scale of the loss has been contained. The platform stated that a full update will be released on Discord subsequently, and promised to maintain transparent communication.
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