Coin World reported on March 16th that the Seoul Central District Court rejected the preliminary injunction applications filed by the Flow Foundation and Dapper Labs against Upbit, Bithumb, and Coinone. The applications aimed to halt the three exchanges' decision to terminate trading support for FLOW. Previously, the three exchanges decided to suspend trading support for Flow tokens following the FLOW hacking incident that occurred in February. The court determined that the current evidence is insufficient to halt the delisting decision, and the exchanges' assessment regarding unresolved risks showed no apparent error, prioritizing the protection of potential investors. FLOW can still be traded on Korean crypto exchange Korbit, but has been delisted from Upbit, Bithumb, and Coinone as scheduled at 3 PM local time today.
Coin World reported on March 16th that the Seoul Central District Court rejected the preliminary injunction applications filed by the Flow Foundation and Dapper Labs against Upbit, Bithumb, and Coinone. The applications aimed to halt the three exchanges' decision to terminate trading support for FLOW. Previously, the three exchanges decided to suspend trading support for Flow tokens following the FLOW hacking incident that occurred in February. The court determined that the current evidence is insufficient to halt the delisting decision, and the exchanges' assessment regarding unresolved risks showed no apparent error, prioritizing the protection of potential investors. FLOW can still be traded on Korean crypto exchange Korbit, but has been delisted from Upbit, Bithumb, and Coinone as scheduled at 3 PM local time today.