A complete timeline review of the Flow project incident: How the industry's bottom line is gradually being broken

This collision between the exchange and the project team is backed by a clear chain of events. Connecting the event nodes reveals that from the initial trust breach to the final firm confrontation, each step was inevitable.

The gap between the project team's promises and actual execution gradually eroded market confidence in the ecosystem. As the gatekeeper of user assets, the exchange faced an expanding risk gap and ultimately chose direct intervention — this was not merely confrontation but a correction of the ecosystem's order.

When the project's promises do not match actual actions, and information disclosure lacks transparency, the exchange's tough stance becomes an inevitable choice. This reflects the industry's ongoing redefinition of acceptable operational bottom lines. From vague self-restraint to clear exchange regulations — this is an essential path toward maturity for the Web3 ecosystem.

The warning to all participants from this incident is clear: finding a balance between decentralization and trust is key to long-term survival.