Flow network recovery progress: Phase one is operating normally

Foresight News Report, Flow announced via tweet that, in coordination with validators and ecosystem partners, the Flow network has successfully transitioned to the first phase of operational status. The Cadence environment has resumed normal functionality, the network is producing blocks and processing transactions, and over 99.9% of account functions have been fully restored. The EVM environment is temporarily in read-only mode, with full recovery scheduled for the third phase. The next steps will focus on further fixing the Cadence environment, with updates expected within 24 to 48 hours.