# Flow Network Enters Read-Only Mode After Execution Layer Exploit, Token Drops 54% The Flow Network, a popular blockchain platform, recently announced it has entered read-only mode following a serious exploit in its execution layer. The incident resulted in a $3.9 million loss through bridge vulnerabilities and caused the FLOW token to drop by 54% in value. **What Happened?** The exploit targeted Flow’s execution layer, allowing hackers to drain funds from connected bridges. While the Flow team quickly moved to contain the issue, the decision to enter read-only mode temporarily suspended all transactions to prevent further [losses](https://www.binance.com/en/square/post/34358263185178). **Key points:** * Exploit amount: ~$3.9 million * Token impact: FLOW dropped 54% immediately after the announcement * Action taken: Network switched to read-only mode to secure assets * Impact on the Flow Ecosystem * The exploit has significant implications for developers, users, and investors: * Developers: Smart contract deployment and interactions are paused, delaying ongoing projects. * Users: Token transfers, staking, and withdrawals are temporarily halted. * Investors: The sudden price drop has created uncertainty and potential short-term panic selling. **Community Response** Flow Network’s community expressed concern but also support for the team’s swift action to secure the network. Analysts emphasize that transparency and immediate containment are crucial during blockchain exploits to maintain trust in the ecosystem. **Lessons for Blockchain Security** This incident underscores the importance of robust security audits and bridge monitoring: Regular audits for smart contracts and execution layers Monitoring large transactions across bridges to detect unusual activity Rapid response protocols to minimize losses during attacks **Conclusion** The Flow Network exploit and subsequent token drop highlight the ongoing risks in decentralized finance and blockchain networks. Users and investors are reminded to follow security best practices and stay updated on official network announcements. [BTCUSA](https://btcusa.com/) will continue covering updates on the Flow Network, blockchain security incidents, and the broader cryptocurrency market.