Back

Flow Foundation Seeks Court Intervention to Halt FLOW Delisting on Korean Exchanges

Flow Foundation and Dapper Labs request legal suspension of FLOW token delisting after global exchanges restored services, reflecting regulatory and operational challenges in South Korea.

FLOW

Summary

Flow Foundation and Dapper Labs have filed a motion with the Seoul Central District Court to suspend the planned delisting of the FLOW token from South Korean exchanges Upbit, Bithumb, and Coinone. This move follows a December 27 security incident with no user fund impact, after which global exchanges like Binance and HTX resumed FLOW trading. The case highlights ongoing regulatory and market tensions in South Korea over token listings.

Terms & Concepts
  • FLOW token: The native cryptocurrency of the Flow blockchain, developed by Dapper Labs, used for transactions, staking, and governance.
  • Seoul Central District Court: A major South Korean judicial body that handles significant civil and administrative cases, including financial and corporate disputes.
  • Delisting: The process by which a crypto exchange removes a digital asset from its trading platform, ending public buying and selling of that token.