Flow Foundation Files Emergency Court Motion to Block Korean Exchange Delisting on March 16

Flow Foundation Files Emergency Court Motion to Block Korean Exchange Delisting on March 16

N
News Editor 01
2026-07-23 03:40:14
Flow Foundation and Dapper Labs have filed for a court order in Seoul to halt the delisting of $FLOW by Upbit, Bithumb, and Coinone scheduled for March 16. Meanwhile, Binance, Korbit and other exchanges have fully restored FLOW trading; ecosystem momentum continues with top brands.
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Flow Foundation and Dapper Labs have filed an emergency motion at the Seoul Central District Court to stop Korean exchanges from delisting $FLOW on March 16. Upbit, Bithumb, and Coinone announced plans to end FLOW trading following a December 27 security incident. The Foundation stressed that no user funds were compromised, and is seeking a suspension to protect Korean holders' trading rights.

The legal move is backed by recent exchange actions. After reviewing technical documentation, Korbit lifted its FLOW trading caution and fully restored unrestricted trading. Binance and HTX also removed monitoring tags and confirmed full FLOW operations. These independent validations by major global exchanges signal confidence in the Foundation's remediation efforts. Flow's message to Korean users is clear: assets remain secure, trading uninterrupted.

Disney, NBA, NFL and the On-Chain Experiment

Flow's ecosystem continues to expand. Disney, NBA, NFL, and Ticketmaster are building on the network, having distributed over 100 million NFTs and onboarded 13 million fans. The Disney Pinnacle Legendary Edition sold out instantly; on NBA Top Shot, Steph Curry and LeBron James collectibles recorded single sales of $17,500 and $65,000 respectively.

In Japan, 24Karat has integrated with more than 2,000 vending machines, delivering digital collectibles to 250,000 consumers weekly — most of whom have no prior crypto knowledge. This exemplifies Flow's real-world blockchain adoption.

Developer Activity Hits Record Highs

Developer activity reached an all-time high in 2025. Flow ranked as the top Layer 1 blockchain at global hackathons, with nearly 60,000 smart contracts deployed since the Crescendo upgrade. PayPal's stablecoin PYUSD is live on Flow; Coinbase, Samsung, Deutsche Telekom, and Ubisoft operate nodes as validators.

Messari's Pulse Report validates Flow's trajectory: it "leverages proven consumer distribution and operational experience to drive consumer DeFi adoption." The Foundation is now prioritizing consumer finance infrastructure expansion across Asia-Pacific.

The Seoul Central District Court must still review the filing and decide on the next steps for Korean exchanges. The Foundation also plans to hire a general manager for Asia-Pacific, pursue new listings, and strengthen partnerships. With no regulatory actions taken and all exchanges restoring FLOW, the network is positioned to continue building its global and regional presence.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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