Flow Foundation, in collaboration with Dapper Labs, has sought intervention from the Seoul Central District Court to prevent several South Korean crypto exchanges, including Upbit, Bithumb, and Coinone, from delisting its FLOW token following a security breach. In December 2025, the Flow blockchain experienced an exploit that led to the unauthorized creation of approximately $3.9 million in FLOW tokens. Despite a thorough response, including a chain pause and targeted remedy by validators, resulting in no user balance being affected, the incident has prompted exchanges to consider removing FLOW from their trading platforms. The foundation argues that the measure isn't justified, citing that the token remains listed on global exchanges and that their response to the exploit effectively safeguarded all network participants. The Seoul Central District Court is expected to review the motion on March 9, while the foundation plans to further encourage the exchanges to reassess their positions in light of the post-incident security improvements and maintain open communications with all stakeholders.
Regulation
Flow Foundation Seeks Court Order to Prevent FLOW Token Delisting in South Korea
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