South Korean Court Rejects Flow Foundation's Request to Stop Three Exchanges from Delisting FLOW

FLOW-8,57%

Gate News reports that on March 16, the Seoul Central District Court in South Korea dismissed the temporary injunction filed by the Flow Foundation and Dapper Labs against three Korean exchanges. The injunction aimed to halt the exchanges’ decision to terminate support for FLOW trading. Previously, these three exchanges decided to stop supporting FLOW trading following the FLOW hack incident in February. The court found that there was insufficient evidence to suspend the delisting decision and that the exchanges’ risk assessments were not clearly flawed, emphasizing the importance of protecting potential investors. FLOW can still be traded on Korea’s crypto exchange Korbit, but it was delisted from the three exchanges as scheduled today at 3 PM local time.

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