Flow Foundation Seeks Court Order to Stop FLOW Token Delisting on South Korean Exchanges

TheNewsCryptoPubblicato 2026-03-09Pubblicato ultima volta 2026-03-09

Introduzione

Flow Foundation and Dapper Labs have filed a legal request with the Seoul Central District Court to halt the planned delisting of the FLOW token from major South Korean exchanges, including Upbit and Coinone. The delisting decision followed a December 2025 security exploit on the Flow blockchain, where an attacker duplicated tokens worth approximately $3.9 million. Although user funds were unaffected and validators quickly paused the network, exchanges proceeded with the delisting. The Foundation argues that FLOW continues to trade normally on global platforms like Binance and Coinbase, indicating its viability. The legal action aims to protect Korean investors and allow for further review, highlighting growing tensions between blockchain projects and exchanges after security incidents.

Flow Foundation and Dapper Labs have filed a legal request with the Seoul Central District Court to stop the planned delisting of the FLOW token from the South Korean crypto exchanges. The firms are asking the court to temporarily suspend the decision by the exchanges, including Upbit and Coinone, that announced the end of trading support for the token.

Reason behind the Delisting

The decision to delist came after the security exploit in the Flow blockchain in December 2025. During the incident, an attacker exploited a protocol vulnerability and was able to duplicate the token worth about $3.9 million. Later reports confirmed that the users’ balances and funds were not affected. Validators on the network quickly took action by pausing the blockchain and working with the exchanges to freeze.

Developers discussed several possibilities for recovery options after the attack, and one proposal was a full blockchain rollback, which would restore the network to a previous state before the exploit occurred. Critics warned that the rollback could create problems such as duplicate balances for users who have moved assets out of the network and financial losses for users who transfer assets into the network during that time. Instead of rolling back the entire chain, they implemented an isolated recovery plan, which involved identifying and destroying only the duplicate token.

Flow Foundation argues that the token continues to trade normally on the major global platforms, which include Binance, Coinbase, and Kraken. The foundation maintains that this indicates the project’s continued viability and suggests a reconsideration of the delisting decisions.

In the court filing, Flow Foundation states that the request to suspend the delisting is intended to protect Korean users and investors while the situation is fully reviewed. The firm said that it remains open to discussions with the exchanges to continue pursuing additional listings within South Korea. This legal challenge for the Flow Foundation shows that the growing tension between the blockchain projects and crypto exchanges is following security incidents.

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Domande pertinenti

QWhat legal action have Flow Foundation and Dapper Labs taken regarding the FLOW token delisting in South Korea?

AFlow Foundation and Dapper Labs have filed a legal request with the Seoul Central District Court to stop the planned delisting of the FLOW token and to temporarily suspend the decision by the exchanges.

QWhat was the primary reason cited by South Korean exchanges for delisting the FLOW token?

AThe decision to delist came after a security exploit in the Flow blockchain in December 2025, where an attacker exploited a protocol vulnerability and duplicated tokens worth about $3.9 million.

QWhat alternative recovery plan was implemented instead of a full blockchain rollback after the exploit?

AInstead of a full rollback, they implemented an isolated recovery plan which involved identifying and destroying only the duplicate tokens.

QOn which major global exchanges does the FLOW token continue to trade normally, according to the Flow Foundation?

AThe FLOW token continues to trade normally on major global platforms including Binance, Coinbase, and Kraken.

QWhat is the stated goal of the Flow Foundation's legal challenge to the delisting?

AThe goal is to protect Korean users and investors while the situation is fully reviewed, and the foundation remains open to discussions with the exchanges for additional listings in South Korea.

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160 Totale visualizzazioniPubblicato il 2024.12.10Aggiornato il 2025.03.21

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