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Seoul Court Rejects Injunction, Triggering FLOW Delisting on March 16 The Seoul Central District Court on March 13, 2026, rejected an emergency injunction filed by the Flow Foundation and Dapper Labs. The legal move sought to prevent three of South Korea's largest crypto exchanges—Upbit, Bithumb, and Coinone—from halting trade of the FLOW token. With the court's refusal, the exchanges proceeded with the delisting as planned on March 16, effectively cutting off the token from a significant portion of the Korean market. Delisting Stems From $3.9M Exploit and 99.9% Price Collapse The exchanges' decision, originally announced on February 12, was a direct consequence of a security incident on December 27, 2025. During the exploit, an attacker managed to duplicate tokens worth approximately $3.9 million. While the Flow Foundation asserts that no user funds were stolen and the counterfeit tokens were destroyed, the incident eroded confidence among the Korean platforms. This blow to market access compounds a catastrophic price decline for the token. FLOW has fallen approximately 99.9% from its 2021 record high of $42 to a recent price of $0.043. The network's total value locked (TVL) has also plummeted 82% from its November 2025 peak to just $21 million. Flow Diverges From Global Exchanges, Vows to Rebuild in Korea The delisting creates a stark divergence between South Korean and global exchanges. Major international platforms, including Binance, Coinbase, and Kraken, have all restored full trading for FLOW after conducting their own reviews of the security incident. Within Korea, only the Korbit exchange continues to support the token after lifting its trading caution on February 27. Despite the setback, the Flow Foundation stated it is not leaving the Korean market. The organization is actively pursuing new regional exchange listings and hiring a General Manager for the Asia-Pacific region. Development on the network continues with partners like Disney, the NBA, and Ticketmaster, and developer activity reportedly hit an all-time high in 2025.
Flow Services Restored March 9 Following Legal Action The Flow Foundation announced on Monday, March 9, 2026, that full services for its native FLOW token have been restored across all major global exchanges. This development secures the token's liquidity and market access for investors after a period of significant uncertainty regarding its trading status. The restoration directly follows a decisive legal maneuver by the Foundation. The organization previously filed a court motion to preemptively block several South Korean exchanges from delisting the FLOW token, aiming to protect the asset's standing and investor access in a key regional market. Legal Conflict Sets New Precedent for Listing Disputes While the immediate reinstatement of services is a bullish outcome for FLOW token holders, the underlying conflict highlights the operational risks tied to exchange relationships. The dispute created short-term uncertainty that could cause volatility as the market digests the implications of the legal challenge. More broadly, the Flow Foundation's legal strategy may establish a significant precedent for how disagreements over token listings are handled industry-wide. Although successful in this instance, this confrontational approach could strain long-term relationships between projects and their exchange partners. It signals a potential shift where legal challenges, rather than private negotiations, become a primary tool for resolving listing conflicts.
Upbit to Halt All FLOW Trading by March 16 South Korean cryptocurrency exchange Upbit will officially delist the Flow (FLOW) token, according to a notice published on February 12, 2026. The exchange will terminate trading support for the FLOW/KRW and FLOW/BTC spot pairs on March 16, 2026, at 15:00 UTC+9. After this deadline, users will no longer be able to execute trades for these pairs on the platform. Delisting Poses Significant Liquidity Risk for FLOW The removal from one of South Korea's largest and most active exchanges represents a major setback for the Flow project. This action directly cuts off a critical channel for liquidity, particularly from the highly sought-after Korean Won fiat gateway. The delisting is likely to trigger increased selling pressure as investors move to liquidate their holdings ahead of the March 16 deadline. Furthermore, the decision damages the project's reputation and could prompt other exchanges to review their own listing status for the token.
Flow Confirms Full Recovery, Sets Jan. 30 Burn Date The Flow network announced it has successfully recovered all counterfeit FLOW tokens that had entered circulation. The recovery operation included illegitimate tokens held on major centralized exchanges such as Binance and HTX. Following the successful retrieval, Flow has scheduled the permanent destruction of these counterfeit assets for January 30, 2026. This decisive action will remove the illegitimate supply from the ecosystem permanently, preventing any future market confusion or dilution. Validator Supermajority Approves Security Measure The decision to destroy the tokens was not a unilateral move by the Flow Foundation but a result of a formal governance process. The plan received a supermajority consensus approval from the network's validators, underscoring the decentralized governance structure of the blockchain. This move is designed to bolster investor confidence by demonstrating the network's capacity to effectively manage critical security incidents. By cleansing the supply, Flow reinforces the integrity of its official token and strengthens the overall security posture of its ecosystem.
Flow (FLOW) current price is $0.031242, up 2.22% today.
Flow (FLOW) daily trading volume is $4.8M
Flow (FLOW) current market cap is $51.6M
Flow (FLOW) current circulating supply is 1.6B
Flow (FLOW) fully diluted market cap (FDV) is $51.6M
Flow (FLOW) is founded by Roham Gharegozlou