PANews reported on January 13th that Huobi HTX issued a statement regarding the unilateral asset transfer by the Flow (FLOW) project team. Huobi HTX stated that on December 27, 2025, a protocol-layer vulnerability in the Flow network led to the illegal minting of a large amount of FLOW. Following the incident, the platform proactively verified the situation with the project team to confirm the existence of any anomalies and actively cooperated with risk management and on-chain tracing efforts. Simultaneously, the risk control and monitoring system continuously tracked suspicious fund flows and took restrictive measures against identifiable hacker-related assets, making every effort to prevent further inflow into the market and protect the overall interests of token holders. However, without sufficient communication with exchanges and users, the Flow project team unilaterally initiated the "Isolated Recovery" scheme, forcibly transferring FLOW assets from centralized exchange addresses, including Huobi HTX, through protocol-layer permissions, with plans to burn them on January 30, 2026.
Huobi HTX emphasizes that the assets forcibly transferred and slated for destruction include a large amount of FLOW obtained by ordinary users through real market transactions. The actions of the Flow project team severely deviate from the principles of decentralization and clear property rights, setting a bad example for the industry's asset security boundaries and seriously damaging the legitimate asset rights of the platform and its users. Huobi HTX calls on the Flow project team to adhere to the spirit of decentralization, respect the legitimate rights and interests of users and exchanges, clearly distinguish between illegal minting and legitimate holdings, publish a complete and auditable post-event analysis, and resolve outstanding issues through active negotiation rather than unilateral technical means.

The Securities and Exchange Commission has approved standards that could speed up spot crypto ETF approvals, as each application would not been to be assessed individually. The US Securities and Exchange Commission has approved a set of listing standards for commodity-based trust shares, opening the door for digital asset listings without requiring individual approvals. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly reducing approval timelines, which have taken several months in the past. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” SEC Chair Paul Atkins said in a separate statement.It comes as spot ETF applications for the likes of Solana (SOL), XRP (XRP), Litecoin (LTC) and Dogecoin (DOGE) await official approval.The SEC was facing deadlines from October onwards to decide on those cases, in addition to a handful of others.This is a developing story, and further information will be added as it becomes available.Read more

