[Flow Network Downtime Causes NFT Loan Defaults, Flowty Suspends Loan Settlements] Odaily Planet Daily reports, according to monitoring by Abdelaziz Fathi, the Flow network experienced downtime following an attack on December 27, which disrupted the Repayment function of the NFT lending protocol within the Flow ecosystem, forcing multiple matured loans into default. The Flow Foundation had previously suspended the Cadence execution environment until the morning of December 29. Flowty posted on the X platform stating that a total of 11 loans matured during the downtime, with 8 loans directly defaulting and another 2 unable to settle due to account restrictions. Although Flow is back online, core functions such as token swaps remain limited, preventing borrowers from accessing the assets needed for repayment. Flowty suspended all loan settlements starting at 14:15 on December 30, and loans maturing during this period will neither be repaid nor defaulted. Currently, the price of Flow is approximately $0.086.