Flow Foundation and parent company Dapper Labs have filed a motion with the Seoul Central District Court to suspend plans by three South Korean exchanges to delist the FLOW token.
The exchanges Upbit, Bithumb and Coinone announced in February that they would end trading support for FLOW on March 16 following a December security incident on the Flow blockchain.
The exploit allowed certain tokens to be duplicated without minting, resulting in about $3.9 million in counterfeit assets, though the foundation said no user funds were compromised.
The foundation said global exchanges have already restored support after reviewing the issue and implementing remediation measures.
“Every major global exchange has independently reviewed and restored full FLOW services,”
The Flow Foundation said in a statement.
The Seoul Central District Court is scheduled to review the application on March 9 and determine whether the exchanges must temporarily maintain trading support for the token.
Flow was launched in 2019 by Dapper Labs to power Web3 games and digital collectibles but the token has fallen sharply from its 2021 peak and is currently trading around $0.043.
At the time of reporting, Flow price was $0.04237.