Flow Foundation Files Court Action to Prevent $FLOW Delisting on Korean Exchanges

The Flow Foundation has taken legal action in South Korea to stop the planned delisting of its native token, $FLOW, from several major cryptocurrency exchanges. The organization, along with Dapper Labs, recently filed a motion with the Seoul Central District Court.

The filing seeks to suspend the termination of trading support scheduled for March 16. South Korea’s crypto ecosystem plays a major role in global trading volumes. As a result, the case is significant for the Flow network and its investors.

Legal Battle Over Korean Exchange Delisting

The legal filing follows plans by major South Korean exchanges, including Upbit, Bithumb, and Coinone, to end support for $FLOW trading. These platforms said the token would be removed following internal reviews and risk assessments.

The decision followed a security incident on the Flow blockchain in late 2025. During the event, attackers exploited a vulnerability that allowed them to create duplicate tokens. The exploit produced about $3.9 million in counterfeit tokens. However, the network confirmed that no user funds were stolen.

To strengthen the network’s token economy after the incident, the Flow Foundation burned approximately 50 million FLOW tokens in February 2026. They also vowed to buy back the same amount from the open market.

Despite these measures, several exchanges continued to review or limit trading support. The Flow Foundation argues that the issue has been fully resolved and that the network remains secure. As a result, it is asking the court to temporarily block the delisting while exchanges reconsider the decision.

Global Exchange Support and Ecosystem Growth

While the dispute continues in South Korea, the Flow Foundation says the token has regained support from major global exchanges. Platforms such as Coinbase, Kraken,Gate.io, HTX, and Bybit continue to offer full trading services for FLOW. Additionally, Binance recently removed its monitoring tag from the cryptocurrency, signalling increased confidence in the project’s stability.

Beyond exchange listings, the Flow ecosystem continues to expand. The blockchain is widely used for consumer-focused applications, including digital collectibles and fan-engagement platforms. 

Nevertheless, the token’s market performance still reflects the turbulence of recent months. FLOW has fallen 99% below its 2021 all-time high, and trading activity is lower than previous peaks. Even so, the Flow Foundation believes continued development, new partnerships, and restored confidence in crypto exchanges could support a gradual recovery for the network.

The post Flow Foundation Files Court Action to Prevent $FLOW Delisting on Korean Exchanges appeared first on CoinTab News.