Flow Foundation Seeks Suspension of FLOW Token Delisting in South Korea, Requests Regulatory Review

The Flow Foundation and Dapper Labs have submitted an application to the Seoul Central District Court, requesting a suspension of the decision by major South Korean exchanges to terminate trading of the FLOW token, pending a comprehensive review. This action stems from a chain reaction triggered by a previous security incident. Although a subsequent investigation confirmed that user assets were not affected, the network was briefly suspended, and validation nodes urgently intervened to freeze and recover abnormal tokens associated with the attack. To protect legitimate user activity, the project team subsequently implemented a targeted cleanup plan, destroying the duplicated tokens.

Following the incident, major South Korean platforms such as Upbit, Bithumb, and Coinone temporarily suspended FLOW trading services. However, as the project team disclosed complete remediation measures, most platforms have resumed support for FLOW. Currently, FLOW continues to trade on major global exchanges such as Binance, Coinbase, and Kraken, and the local Korean exchange Korbit has not interrupted its services.

The Flow Foundation stated that this move aims to protect the rights and interests of Korean users, promote fair assessment through legal channels, and emphasized its willingness to maintain constructive communication with all parties. The court is scheduled to hear the application on March 9, which will determine the subsequent procedure. The Foundation also revealed that it will continue to promote the listing of FLOW on more exchanges in South Korea and expand self-custody access options for affected users. As of the latest data, FLOW is down 6.4% in the past 24 hours, and is still down approximately 99.9% from its all-time high.