FLOW Token Faces Delisting in Korea as Flow Foundation Seeks Court Intervention

TLDR

• Flow Foundation challenges Korean exchanges’ mid-March FLOW Token delisting.
• Seoul court motion aims to keep FLOW Token trading during legal review.
• December blockchain glitch caused $3.9M in duplicated FLOW tokens.
• Global exchanges like Binance, Coinbase still support FLOW trading.
• Flow blockchain backed by NBA, Disney, and Ticketmaster remains active.

Flow Foundation has moved to block the planned removal of the FLOW Token from major South Korean exchanges. The organization filed a legal motion after exchanges scheduled a mid-March trading termination. The dispute places the FLOW Token at the center of a regulatory and market debate in South Korea.

Court Challenge Targets Planned Exchange Delisting

Flow Foundation and Dapper Labs filed a motion with the Seoul Central District Court on March 9. The filing requests a suspension of the upcoming removal of the FLOW Token from three Korean exchanges. The request aims to keep the FLOW Token trading active during a full legal review.

Upbit, Bithumb, and Coinone announced in February that they would end trading support on March 16. The exchanges acted after reviewing a protocol security incident linked to the FLOW Token network. The foundation argues that corrective measures restored stability across the blockchain.

The court will review the application and determine whether temporary protection applies to the FLOW Token listing. A suspension would prevent exchanges from completing the delisting process immediately. The legal action signals the foundation’s effort to maintain market access in South Korea.

Security Incident Triggered Exchange Concerns

A protocol vulnerability surfaced on the Flow blockchain in late December. The flaw allowed an attacker to duplicate assets instead of minting them through the normal process. As a result, the exploit produced about $3.9 million worth of duplicated tokens.

Developers confirmed that the event did not compromise user balances or drain funds. Validators paused the network and coordinated with exchanges to freeze affected assets. Later, developers destroyed all duplicated tokens and restored network operations.

The incident still raised questions about supply controls and network reliability.  Several exchanges temporarily halted services related to the FLOW Token. The review process eventually led some Korean platforms to announce a permanent trading termination.

Global Trading Continues Despite Korean Dispute

Flow Foundation states that the FLOW Token remains widely available across global cryptocurrency exchanges. Major platforms resumed services after reviewing technical reports and remediation efforts. As a result, the FLOW Token continues trading on several international markets.

Large exchanges such as Binance, Coinbase, Kraken, OKX, Gate.io, HTX, and Bybit support the asset. In South Korea, Korbit continues to list the FLOW Token despite the wider delisting plans. This continued availability strengthens the foundation’s argument for market access.

Dapper Labs introduced the Flow blockchain in 2019 to support large-scale digital collectibles and Web3 applications. The network later attracted brands such as Disney, the NBA, the NFL, and Ticketmaster. Therefore, the foundation maintains that ongoing development supports the long-term utility of the FLOW Token.

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