Flow Foundation and Dapper Labs said they have asked the Seoul Central District Court to suspend the planned March 16 termination of FLOW trading support by Upbit, Bithumb, and Coinone, opening a legal fight that could determine whether one of the token’s most important regional liquidity pools stays open.
In an official March 8 update, Flow said the two entities had filed a motion seeking to pause the trading termination until a fuller review can be completed, adding that the court would review the application on March 9 in Korea Standard Time and determine next steps, URL: https://flow.com/post/flow-ecosystem-march-2026-update.
The legal request is aimed at stopping the exchanges from following through on their previously announced plan to end FLOW trading support on March 16. Flow said the filing seeks a suspension of the trading termination rather than a final ruling on the broader dispute, which means the immediate question is whether the court grants temporary relief before the cutoff arrives.
That matters because timing is the real pressure point. If no interim stay is granted before March 16, Korean users on those venues could lose local trading access even if the foundation later succeeds on the merits. In practical terms, this is a race between a court timetable and an exchange delisting schedule.
South Korea remains an important crypto market for retail participation and exchange-based liquidity, so losing support on Upbit, Bithumb, and Coinone would hit FLOW’s regional access, order-book depth, and price discovery. Even when a token remains listed globally, removal from major Korean venues can still affect local conversion routes, trading behavior, and sentiment around compliance risk.
This is why the legal filing matters beyond one token. It tests how much room a project has to challenge coordinated exchange offboarding after a security incident, especially when the project argues that remediation is complete and that users should not lose market access before a court examines the evidence.
Flow’s public position is that the underlying technical and operational issues tied to the December security incident have been resolved. In the same March 8 update, the foundation said every major global exchange had independently reviewed the evidence and restored full FLOW services, including Binance, HTX, Coinbase, Kraken, and other major venues, while Korbit continues to support trading in Korea.
The foundation also pointed to a March 6 joint resolution with Binance that said issues related to the incident had been resolved and that FLOW deposits and withdrawals had been fully restored. That is important because the legal and market argument are converging around the same question: whether the exchanges’ risk assessment still holds once a project presents technical remediation, restored service on major global platforms, and evidence that no user funds were compromised.
The opposing view, reflected in earlier exchange notices carried by third-party mirrors, is that the original risk flags were serious enough to justify ending support unless concerns were fully extinguished. Upbit’s earlier delisting notice, as reproduced by market mirrors, said unresolved security concerns and potential user-loss risks remained behind the March 16 trading cutoff.
The near-term focus is narrow and mechanical. Traders will watch for any court order that temporarily freezes the delisting process, any fresh notice from Upbit, Bithumb, or Coinone, and any public filing detail that shows what evidence Flow and Dapper Labs put before the court.
For FLOW holders, the Korea-specific impact is immediate because exchange support, not just token availability somewhere in the world, determines where liquidity can actually be accessed. If the court grants a stay, the legal process could buy time for further review and negotiation. If it does not, the March 16 deadline is likely to remain the decisive line for FLOW trading on those three Korean venues.
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