Flow Foundation files at Seoul Central District Court to block $FLOW delisting on Upbit, Bithumb, and Coinone ahead of the March 16 deadline.
Flow Foundation is taking the fight to court. On March 9, 2026, the Foundation and Dapper Labs filed a motion at the Seoul Central District Court. The filing requests a suspension of $FLOW trading terminations across Upbit, Bithumb, and Coinone before the March 16 deadline.
The Korean exchanges announced their decision on February 12. No government regulator in any jurisdiction has taken action against FLOW. And no Korean exchange suffered direct damage from the December security incident that started all this.
The Court Filing Korean FLOW Holders Cannot Ignore
As @flow_blockchain posted on X, the Foundation remains committed to open access to $FLOW in every market. The post confirmed the legal filing and outlined the global exchange resolutions already completed ahead of the Korean deadline.
The Seoul court will review the application today, March 9, 2026, KST. The Foundation says it will update the community as the process moves forward.
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The broader context matters here. According to the official Flow March 2026 ecosystem update, every major global exchange has now independently reviewed and restored full FLOW services following the December 27 incident. No user funds were compromised. All counterfeit tokens were permanently destroyed.
Binance published a joint resolution with Flow Foundation on March 6. The monitoring tag on FLOW was removed. HTX confirmed the same day that all FLOW assets held on its platform were verified and intact, pulling its January 13 notice entirely. Coinbase and Kraken had already restored services in January.
Korbit Said Yes. Three Others Said No.
Inside Korea, Korbit conducted its own independent review. On February 27, Korbit lifted its FLOW trading caution designation. The exchange stated that technical measures from the security incident were complete. No restrictions remain. Korbit continues to fully support FLOW trading.
Upbit, Bithumb, and Coinone reached a different conclusion. That divergence is precisely what Flow Foundation is now challenging in court.
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Alongside the filing, the Foundation says it is pursuing new exchange listings in the region. It is also expanding self-custody access options for affected users. A dedicated General Manager for Asia-Pacific is being hired to build long-term regional presence.
Flow’s Ecosystem Keeps Moving, Court or Not
The $FLOW delisting fight is happening while the network itself keeps building. Disney, NBA, NFL, and Ticketmaster all continue to actively develop on Flow. Developer activity hit all-time high in 2025. Flow ranked as the number one most-built-on L1 at EthGlobal hackathons throughout the year.
In Japan, 24Karat runs over 2,000 vending machines bringing digital collectibles to 250,000 people weekly. 99% of those users had no prior crypto experience. The company is now exploring partner networks in Taiwan and South Korea.
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Messari published an independent Pulse Report in February, validating Flow’s path to consumer finance. PayPal’s PYUSD stablecoin is live on the network. Coinbase, Samsung, Deutsche Telekom, and Ubisoft run validator nodes.
Nearly 60,000 new smart contracts have been deployed since the Crescendo upgrade. That is almost ten times the total contracts deployed in the network’s entire prior history.
The Foundation is clear on one point. Flow is not leaving Korea.
