South Korean Court Rejects Flow Foundation's Request to Halt FLOW Delisting on Top Exchanges

Chaincatcher

Release Time: 03/16/2026 07:35:37

FLOW

$0.0305-2.24%

Summary

A South Korean court has dismissed the Flow Foundation’s attempt to block the delisting of FLOW from major exchanges. Upbit, Bithumb, and Coinone proceeded with delisting on March 16 following a February hack. The court’s ruling cited insufficient evidence and upheld the exchanges’ risk assessments. FLOW remains listed on Korbit. This update highlights key on-chain developments and ranks among the top altcoin news for traders.

ChainCatcher report: According to market sources, the Seoul Central District Court in South Korea dismissed the temporary injunction application filed by the Flow Foundation and Dapper Labs against Upbit, Bithumb, and Coinone, which sought to suspend the decision by the three exchanges to terminate trading support for FLOW. Previously, these three exchanges decided to cease trading support for FLOW tokens following the February FLOW hacking incident. The court ruled that the current evidence is insufficient to halt the delisting decision and found no obvious error in the exchanges’ assessment of unresolved risks, emphasizing the priority of protecting potential investors. FLOW remains tradable on the Korean crypto exchange Korbit, but was duly delisted by Upbit, Bithumb, and Coinone at 3:00 PM local time.

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