On March 9, the Flow Foundation and Dapper Labs filed a motion with the Seoul Central District Court to request a suspension of the delisting of the Flow blockchain’s native token, FLOW, from major Korean exchanges. Previously, these exchanges announced plans to cease trading FLOW following a protocol-level security incident in February.
According to reports, on December 27, the Flow blockchain was targeted by a vulnerability exploit, allowing attackers to mint approximately $3.9 million worth of duplicate tokens. Although user balances were unaffected, the network experienced a temporary outage, and validators took emergency measures to freeze and recover the related funds. The initially proposed full-chain rollback was rejected by ecosystem partners due to concerns over double-spending issues, ultimately leading to an isolated recovery plan that involved destroying the duplicate tokens to protect user assets.
Following the incident, some exchanges paused FLOW trading, but after review and project remediation efforts, many platforms have resumed token services. The Flow Foundation emphasized that FLOW remains tradable on several major global exchanges, and a local Korean CEX continues to support FLOW trading. The foundation stated that submitting the court motion aims to protect the rights of the Korean community during the ongoing review process, while also seeking more exchange listings and expanding user self-custody options.
As of the latest data, the FLOW token has dropped 6.4% in the past 24 hours, down 99.9% from its all-time high. The court will review the application today and decide on subsequent steps. This move highlights the risk management and community protection responsibilities of crypto projects following security incidents and will directly impact FLOW’s trading liquidity and investor confidence in the Korean market.
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