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

TheNewsCrypto2026-03-09 tarihinde yayınlandı2026-03-09 tarihinde güncellendi

Özet

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.

Highlighted Crypto News:

Wall Street Expert Warns of 35% Stock Crash Amid US-Iran War

Trend Kriptolar

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

İlgili Sorular

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.

İlgili Okumalar

TON/GRAM price prediction – Telegram’s Gram wallet rollout lifts token: Can the rally continue?

Telegram founder Pavel Durov announced the rollout of a native, non-custodial Gram wallet across the messaging app, describing it as potentially the largest deployment of a non-custodial wallet in history. The move aims to bring instant, zero-fee crypto transactions to Telegram's over one billion users, integrating digital assets directly into the platform. The news triggered a more than 7% price increase for TON/GRAM, pushing the token to around $1.53. However, it remains below its May peak near $2.80, facing immediate resistance around $1.60. Analysts suggest a break above this level could improve sentiment toward $1.80, while a failure to hold gains might see a retest of support near $1.40.

ambcrypto6 dk önce

TON/GRAM price prediction – Telegram’s Gram wallet rollout lifts token: Can the rally continue?

ambcrypto6 dk önce

How 40.8M staked ETH could strengthen Ethereum’s edge over Bitcoin

Ethereum is showing signs of strengthening against Bitcoin, driven by two key trends. First, significant whale accumulation is occurring, with large holders not just buying ETH but immediately staking 100% of it. This locks away supply, signaling long-term conviction. Ethereum's total staked ETH has reached a record 40.8 million, with a growing entry queue and 33.5% of supply now staked, further tightening liquid availability. Second, Ethereum's DeFi ecosystem is experiencing robust activity, with WETH whale transactions at a multi-year high and Total Value Locked (TVL) rising sharply. These converging factors—reduced supply from staking and increased on-chain demand—are translating into technical strength. The ETH/BTC ratio has broken above resistance and is approaching the 0.03 level, setting the stage for potential continued outperformance against Bitcoin.

ambcrypto39 dk önce

How 40.8M staked ETH could strengthen Ethereum’s edge over Bitcoin

ambcrypto39 dk önce

Global Stock Market's Storm Center: South Korea's Stock Market De-leveraging Is Largely Complete

Storm's Eye: South Korean Market De-leveraging Nears Completion The recent sharp correction in South Korean equities, with the KOSPI index dropping 32% from its June high, has been a key trigger for global tech stock volatility. The core driver was not a fundamental shift but a forced de-leveraging process within the market's unique structure, which is now largely complete. Two main leverage channels amplified the sell-off: 1. **Leveraged ETFs:** Their size, proportionally four times larger than in the U.S., peaked near $50 billion. Their mandatory daily rebalancing mechanism created a vicious cycle of "price drop → forced selling → further drop." Approximately 75% of this excess has been unwound, shrinking to $26 billion, with regulatory curbs now blocking new inflows. 2. **Hedge Fund Leverage:** Using swaps to magnify exposure, hedge funds saw their net long positioning fall by over 50% from peak levels. The most intense phase of this institutional de-leveraging is over. In contrast, **retail margin debt** poses minimal systemic risk. At 0.5% of market cap, it is far lower than in the U.S. or China, lacks automatic triggers, and is concentrated in smaller stocks. The conclusion: the high-leverage structures most prone to "chain-reaction selling" have been substantially cleared. The market is transitioning from a liquidity-driven crash to one priced more on fundamentals. The article argues that the AI trend—centered on Korean memory chips—remains intact. This episode represents a painful but necessary clearing of crowded trades, not the end of the AI revolution. For investors, the key question is conviction in the long-term AI direction; if the trend is real, current volatility is a cost of entry, not a terminal risk.

链捕手50 dk önce

Global Stock Market's Storm Center: South Korea's Stock Market De-leveraging Is Largely Complete

链捕手50 dk önce

92.9% of crypto tokens launched since 2024 trade below TGE price: CryptoRank

A recent analysis by CryptoRank reveals that 92.9% of cryptocurrency tokens launched since 2024 and with a market capitalization exceeding $100 million are now trading below their initial Token Generation Event (TGE) price. The study, examining 113 projects, found only eight—or 7.1%—remain profitable, with the median return across the dataset being a stark -95.7%. Top performers include Hyperliquid (HYPE), which gained 1,519%, followed by Ondo Finance (ONDO), EverValue Coin (EVA), and Midnight Network (NIGHT). The findings indicate a market that has become highly selective, with capital concentrating on a small number of projects demonstrating real utility, adoption, or ecosystem growth. This contrasts with previous cycles where new tokens often saw sustained rallies. Investors are now scrutinizing factors like tokenomics, circulating supply, and unlock schedules more closely. This trend may influence future token launches, prompting projects to prioritize sustainable distribution models and long-term growth over aggressive initial valuations, as high fully diluted valuations (FDVs) and large future token unlocks often lead to significant price pressure.

ambcrypto51 dk önce

92.9% of crypto tokens launched since 2024 trade below TGE price: CryptoRank

ambcrypto51 dk önce

The Eternal Fragments of Money: Third-Party Payment Has No First Principle

"The Enduring Fragments of Money: Third-Party Payments Lack a First Principle" Stripe is reportedly attempting to acquire PayPal, marking a significant shift reminiscent of PayPal's merger with the original X.com 30 years ago. The article analyzes Stripe's strategic challenges and the broader payments industry landscape. Despite its initial success with a developer-friendly API model, Stripe missed its optimal IPO window during the pandemic and has since seen its valuation decline. Its attempts to expand through acquisitions and new ventures, particularly in stablecoins (like its OUSD project) and Agent-focused payments (ACP/MPP protocols), have faced headwinds. The author argues that the payment industry remains highly fragmented and is ultimately an adjunct to the traditional banking system. This structure limits the potential for any single player, including Stripe, to achieve complete dominance. While stablecoins and the future rise of autonomous Agent economies present potential growth avenues, they are not yet mainstream and still require integration with the existing financial system. For now, Agent-based transactions are largely used for speculative "volume boosting" rather than substantive business applications. Stripe's current move to acquire PayPal is seen as an attempt to bolster its weak consumer-facing (C-side) business after its stablecoin-focused strategies faltered. Meanwhile, PayPal is described as structurally outdated, unable to revive itself through new products like Venmo or PYUSD. The future of payments may lie not in payments themselves but in value-added services like more efficient settlement networks. The author suggests that companies like Stripe and Circle, which are building their own blockchains (Tempo, Arc) and stablecoins, are positioning themselves to eventually profit from high-efficiency settlement systems. These new networks could potentially bypass some traditional banking layers. In conclusion, the article posits that third-party payment is a perpetually fragmented battlefield where scale alone cannot ensure victory. Players must find new models, focusing on efficiency to compete with the entrenched banking system. Stripe's acquisition of PayPal represents a bet on this uncertain future.

链捕手1 saat önce

The Eternal Fragments of Money: Third-Party Payment Has No First Principle

链捕手1 saat önce

İşlemler

Spot

Popüler Makaleler

FLOW Nasıl Satın Alınır

HTX.com’a hoş geldiniz! Flow (FLOW) satın alma işlemlerini basit ve kullanışlı bir hâle getirdik. Adım adım açıkladığımız rehberimizi takip ederek kripto yolculuğunuza başlayın. 1. Adım: HTX Hesabınızı OluşturunHTX'te ücretsiz bir hesap açmak için e-posta adresinizi veya telefon numaranızı kullanın. Sorunsuzca kaydolun ve tüm özelliklerin kilidini açın. Hesabımı Aç2. Adım: Kripto Satın Al Bölümüne Gidin ve Ödeme Yönteminizi SeçinKredi/Banka Kartı: Visa veya Mastercard'ınızı kullanarak anında Flow (FLOW) satın alın.Bakiye: Sorunsuz bir şekilde işlem yapmak için HTX hesap bakiyenizdeki fonları kullanın.Üçüncü Taraflar: Kullanımı kolaylaştırmak için Google Pay ve Apple Pay gibi popüler ödeme yöntemlerini ekledik.P2P: HTX'teki diğer kullanıcılarla doğrudan işlem yapın.Borsa Dışı (OTC): Yatırımcılar için kişiye özel hizmetler ve rekabetçi döviz kurları sunuyoruz.3. Adım: Flow (FLOW) Varlıklarınızı SaklayınFlow (FLOW) satın aldıktan sonra HTX hesabınızda saklayın. Alternatif olarak, blok zinciri transferi yoluyla başka bir yere gönderebilir veya diğer kripto para birimlerini takas etmek için kullanabilirsiniz.4. Adım: Flow (FLOW) Varlıklarınızla İşlem YapınHTX'in spot piyasasında Flow (FLOW) ile kolayca işlemler yapın.Hesabınıza erişin, işlem çiftinizi seçin, işlemlerinizi gerçekleştirin ve gerçek zamanlı olarak izleyin. Hem yeni başlayanlar hem de deneyimli yatırımcılar için kullanıcı dostu bir deneyim sunuyoruz.

309 Toplam GörüntülenmeYayınlanma 2024.12.10Güncellenme 2026.06.02

Tartışmalar

HTX Topluluğuna hoş geldiniz. Burada, en son platform gelişmeleri hakkında bilgi sahibi olabilir ve profesyonel piyasa görüşlerine erişebilirsiniz. Kullanıcıların FLOW (FLOW) fiyatı hakkındaki görüşleri aşağıda sunulmaktadır.