Flow Foundation and Dapper Labs ask Seoul court to pause FLOW delistings after December exploit Flow Foundation and Dapper Labs have asked the Seoul Central District Court to temporarily block the planned removal of FLOW trading support on major South Korean exchanges, filing a motion on March 8 to suspend delisting decisions by Upbit, Bithumb and Coinone. Why the court move - The exchanges announced plans to end FLOW trading on Feb. 12 following a Dec. 27 protocol-level exploit on the Flow layer-1 blockchain that allowed an attacker to mint roughly $3.9 million in duplicated tokens. - Flow and Dapper argue there is new evidence and that the exchanges should wait for a thorough review before finalising any delisting. What happened with the exploit - Post-mortem reports say user balances were not affected, but the incident halted the network. Validators paused the chain, worked with exchanges to freeze suspicious funds, and helped recover assets linked to the attack. - Flow initially proposed a full chain rollback, but ecosystem partners worried a rollback could create duplicate balances for users bridging assets out during the window and losses for users bridging in. Developers then adopted an isolated recovery plan focused on identifying and destroying the duplicated tokens to preserve legitimate user activity. Exchange reactions - Several exchanges suspended FLOW trading and services after the incident; Upbit, Bithumb and Coinone are the targets of the Seoul filing. - Many platforms have since completed incident reviews and restored full services. The Foundation notes FLOW remains listed on major global exchanges including Binance, Coinbase and Kraken, and that Korbit continues to support FLOW trading in South Korea. Foundation statement and next steps - “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, adding it is acting to protect the Korean community and is open to constructive dialogue with all parties. - The court is scheduled to review the application on March 9. The Foundation also said it will push for additional South Korean listings and expand “self-custody access options” for affected users. Market snapshot - At last check, FLOW was down about 6.4% over 24 hours and trading roughly 99.9% below its all-time high. What to watch - Seoul court’s decision on March 9 will determine whether the delisting notices are paused. - Whether exchanges change course after the court review, and how Flow’s outreach to Korean platforms and self-custody initiatives proceed, will shape liquidity and access for local users. Read more AI-generated news on: undefined/news