We wanted to share a few pieces of follow-up information following the FLOW token unlock that occurred as announced on October 16. Importantly, FLOW tokens were unlocked for distribution globally without issue, another step toward further decentralization and distribution of the Flow network.

We are aware that many in the community experienced issues and delays when trying to deposit/withdraw unlocked tokens to/from certain exchanges.

Because these exchanges were still in the process of upgrading their nodes following a required mainnet update on Tuesday Oct 12, 2021 (four days before the unlock), these exchanges initiated their node updates a few days late and had to wait during the weekend for their nodes to fully sync with the network. Since their nodes weren’t synced, there were delays with deposits for the impacted exchanges that had not yet completed the upgrade in time.

These exchanges are now in the process of finishing the process, progressively enabling deposits as they complete their upgrades and syncs.

We want to thank the community for your patience and apologize for the delays being faced.

Thank you 🌊