South Korean court dismisses Flow Foundation's application to halt delisting of FLOW by three exchanges in the country

Techub News reports, according to Digital Asset, the Seoul Central District Court in South Korea dismissed the applications from the Flow Foundation and Dapper Labs to halt the delisting of FLOW by Upbit, Bithumb, and Coinone. These three exchanges previously decided to terminate trading support for the Flow token due to the FLOW hacking incident that occurred in February. The court found that the current evidence is insufficient to suspend the delisting decision, and the exchanges' judgment regarding unresolved risks is not clearly erroneous, emphasizing the priority of protecting potential investors.

Trading support for FLOW on Upbit, Bithumb, and Coinone will end as scheduled at 3:00 PM on the 16th. FLOW can still be traded on other exchanges such as Korbit and Binance.