Flow files for injunction to halt delisting by South Korean exchanges

The Flow (FLOW) Foundation announced it has filed for an injunction with the Seoul Central District Court to halt the delisting of its token by South Korean cryptocurrency exchanges Upbit and Bithumb. The foundation argued that no government regulator in any country has ever taken punitive action against Flow, and that the South Korean exchanges suffered no direct harm from an incident that occurred last December. It also noted that FLOW continues to trade on major overseas exchanges like Coinbase, Kraken, and Binance, as well as on the domestic exchange Korbit. The foundation stated its willingness to continue dialogue with the exchanges. It emphasized that, in parallel with its legal action, it will strengthen its position in the South Korean market by pursuing listings on other domestic exchanges, expanding self-custody options, and hiring a dedicated manager. The foundation stressed it has no plans to withdraw from the South Korean market. Previously, Upbit and Bithumb announced they would end trading support for FLOW at 6:00 a.m. UTC on March 16, citing concerns of potential user harm from security incidents such as hacking.