The Flow Foundation, along with its parent company Dapper Labs, has filed a motion with the Seoul Central District Court to suspend the planned termination of trading support for its native FLOW token on three major South Korean exchanges: Upbit, Bithumb, and Coinone. The exchanges announced the delisting on February 12, with termination set for March 16.
The delisting decision stems from a security incident on the Flow layer-1 blockchain in late December 2025. An attacker exploited a protocol-level vulnerability, allowing the duplication of tokens worth approximately $3.9 million. While post-mortem reports confirmed that no user funds were compromised and all counterfeit tokens were permanently destroyed, the incident led to a temporary network halt and triggered emergency measures from validators.
In its court filing, the Flow Foundation argues that the remediation efforts have been successful and that every major global exchange has now independently reviewed and restored full FLOW services. The foundation stated the token "remains fully available on major global exchanges," including Binance, Coinbase, Kraken, OKX, Gate.io, HTX, and Bybit, with Korbit continuing to support FLOW trading in Korea.
"Given the weight of new evidence, Flow Foundation and Dapper Labs have filed a motion with the Seoul Central District Court requesting a suspension of the trading termination until a thorough review can be completed," the foundation said. "This step reflects the responsibility of the Foundation to advocate for the Korean community using every available pathway."
The Seoul Central District Court is set to review the application on March 9. Despite the ongoing legal action and claims of restored global access, the FLOW token has suffered significantly. It has tanked 75% since the December incident and is currently trading around $0.043, which is down 99.9% from its 2021 all-time high of $42. Total Value Locked (TVL) on the Flow platform has also declined 82% to $21 million since its November 2025 peak.
