Flow Foundation Fights Korean Delisting After Binance Clears Crypto Security Fears

Flow Foundation is asking a Seoul court to halt the delisting of FLOW on South Korea’s biggest crypto exchanges.

Despite no user funds on exchanges were ultimately lost, Korean platforms kept FLOW under heightened scrutiny. Upbit, Bithumb and Coinone announced on Feb. 12 that they would end trading support for FLOW on March 16, citing the December protocol-level exploit.

However, every major global venue, including Binance, Coinbase, Kraken and HTX, have now independently reviewed the incident and fully restored FLOW trading, with Binance even removing its monitoring tag after a joint resolution on March 6. This confirms, according to Flow Foundation and Binance itself, that “all issues related to the security incident have been resolved”.

The Foundation recognizes the uncertainty the Korean community has faced since February, and is grateful for the patience and support of Korean holders through this process

The filing of the motion with the Seoul Central District Court is a step that “reflects the responsibility of the Foundation to advocate for the Korean community using every available pathway”, Flow Foundation claims. The Foundation has also assured that it “remains open to constructive conversation with all parties involved”.

Alongside this, The Foundation is pursuing new listings and expands self-custody options for local users while pushing ahead with its consumer DeFi roadmap, including on-chain automation, EVM‑equivalent infrastructure and an enshrined lending protocol, betting that long‑term adoption will outlast short‑term regulatory frictions in one market.

While Korea wrestles over FLOW’s listing status, the underlying network is quietly behaving like a top‑tier consumer chain. Disney, the NBA, the NFL and Ticketmaster all continue to build on Flow, together distributing over 100 million NFTs to more than 13 million fans and generating billions in primary and secondary sales.

As Flow’s ecosystem momentum continues to build, the real question for investors watching the Korean injunction drama is whether a localized delisting can truly derail it.

Cover image from ChatGPT, FLOWUSD chart from Tradingview