Flow Foundation and parent Dapper Labs filed for an emergency injunction at the Seoul Central District Court to suspend planned delistings of the FLOW token by major Korean exchanges (Upbit, Bithumb, Coinone) set for March 16. The move follows a December security incident that duplicated $3.9M in FLOW; the foundation says the duplicated tokens were destroyed and no user funds were compromised. Major global exchanges (Coinbase, Kraken, OKX, Gate.io, HTX, Binance, Bybit) have restored full FLOW services, and Korbit continues Korean support. The court will review the suspension request on March 9. The incident and delisting actions coincide with severe market damage: FLOW is down ~75% since the incident (trading at $0.043), ~99.9% below its 2021 ATH, platform TVL is down ~82% to $21M, and NFT market cap has fallen ~92% from its peak.

Request to suspend delistings follows a December security incident that duplicated $3.9M in FLOW; foundation states duplicated tokens were destroyed and no user funds lost. Major global exchanges have restored services while Upbit, Bithumb and Coinone plan to terminate trading March 16 and the court will review the suspension on March 9. The token has fallen ~75% since the incident and platform TVL and NFT market cap have dropped substantially—facts that create continued downside risk but reduce some systemic risk given restored services.