Flow Files Court Motion to Block Korean Exchange Delistings

The Flow Foundation and its parent company, Dapper Labs, have filed a motion with the Seoul Central District Court to suspend the termination of trading support for their native token, FLOW, on three major South Korean exchanges: Upbit, Bithumb, and Coinone. These exchanges announced the delisting following a December security incident where an attacker duplicated $3.9 million worth of tokens due to a vulnerability, though no user funds were compromised and the counterfeit tokens were destroyed. The Foundation argues that all major global exchanges have since restored full FLOW services after remediation efforts, and it remains committed to open access. The court is scheduled to review the application on March 9. Despite the token being available on global platforms like Coinbase and Binance, the FLOW token has dropped significantly since the incident, currently trading around $0.043, down 75% since December and 99.9% from its 2021 high.

(Source：Cointelegraph)