Flowty's network outage caused defaults in NFT lending, and Flowty has suspended loan settlements.

According to Abdelaziz Fathi, the Flow network was attacked and shut down on December 27th, causing the Repayment function of the NFT lending protocol within the Flow ecosystem to be interrupted, forcing multiple matured loans to default. The Flow Foundation had previously suspended the Cadence execution environment until the morning of December 29th. Flowty posted on the X platform that a total of 11 loans matured during the downtime, of which 8 have already defaulted, and another 2 could not be settled due to account restrictions. Although Flow has returned to online status, core functions such as token exchange remain restricted, and borrowers cannot obtain the assets needed for repayment. Flowty suspended the settlement of all loans from 14:15 on December 30th; loans maturing during this period will neither be repaid nor defaulted. The current price of Flow is approximately $0.086.