Flow Foundation Moves to Block Token Delisting in South Korea

[kevin1]

The Flow Foundation and its parent company Dapper Labs have filed a motion with the Seoul Central District Court to prevent the planned delisting of the FLOW token from major South Korean exchanges. Platforms including Upbit, Bithumb, and Coinone announced in February that they would end trading support for the token by March 16 following a recent security incident.

The issue dates back to December when a vulnerability allowed attackers to duplicate certain tokens rather than mint them, creating about $3.9 million in counterfeit assets. According to the foundation, no user funds were stolen and the duplicated tokens were permanently destroyed. The organization says most global exchanges have since reviewed the incident and restored services, arguing that FLOW should remain accessible to traders in South Korea.

[tradelikepro]

interesting that major brands like Disney and the NBA are still building on Flow despite the price collapse