South Korea’s greatest cryptocurrency exchanges, Upbit, Bithumb, and Coinone, will go forward with delisting $FLOW from their respective platforms as deliberate after a Seoul court docket dismissed the Move Basis’s emergency injunction on March 13, 2026.
The dismissal removes the final authorized impediment to a buying and selling halt that had been looming since February.
$FLOW has been on a decline, dropping to round $0.037, a 50% drop from a excessive of over $0.074 reached on March 10.
The fiftieth Civil Division of the Seoul Central District Court docket, presided over by Choose Lee Sang-hoon, dominated that the supplies submitted by the Move Basis and Dapper Labs weren’t enough to justify suspending the delisting resolution forward of a full listening to on the deserves.
Due to this fact, buying and selling assist on Upbit, Bithumb, and Coinone ends at 3 pm KST on March 16, 2026.
Why did the court docket refuse to intervene?
In accordance with the court docket, the Move Basis couldn’t set up {that a} legitimate transaction assist contract existed between the candidates and the exchanges.
One more reason for the dismissal was that the court docket declined to second-guess the exchanges’ judgment on whether or not the buying and selling warning designation had been resolved, stating that, with out a thorough evidentiary listening to, it couldn’t conclude that the grounds for warning had lapsed by the point of the delisting resolution.
Third, it discovered that the need of suspending the delisting forward of a full trial had not been adequately demonstrated.
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For the court docket, $FLOW stays tradeable on different home and international exchanges; relisting stays potential if the grounds for the warning designation are resolved; and suspending the delisting risked exposing different potential traders to larger losses and dangers.
Taken collectively, these elements outweighed the Basis’s case for emergency aid.
This isn’t the primary time {that a} ruling just like this incident will aspect with Digital Asset eXchange Alliance (DAXA)-affiliated exchanges.
The Seoul Central District Court docket dismissed a near-identical injunction filed by South Korean sport developer Wemade in December 2022, when its $WEMIX token was delisted by DAXA-affiliated exchanges over undisclosed circulating provide issues.
A second $WEMIX problem was additionally dismissed in Might 2025. In every case, the court docket upheld the precept that exchanges retain the precise to use and implement their very own itemizing requirements with out judicial override forward of a deserves trial.
Why is the Korean market loss so damaging to $FLOW’s worth and liquidity?
South Korea is certainly one of $FLOW’s largest markets, because it reportedly accounts for almost half of the token’s every day buying and selling quantity. The token rose from March 9 and peaked the second day following the submitting of the injunction.
$FLOW rose by near 50% that interval, with buying and selling quantity experiencing a substantial spike, all due to the hypothesis that the platform will get a good consequence.
The March 10 peak of $0.074 has since disappeared. The token touched $0.037 in early buying and selling at the moment earlier than recovering to round $0.04 as of the time of writing, which remains to be lower than 1 / 4 of the $0.17 worth it commanded earlier than the December 27 safety incident.
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The delisting additionally illustrates the burden of DAXA in Korean crypto markets. Upbit, which is a member, alone accounts for about 70% of home crypto buying and selling quantity in South Korea.
Nonetheless, Move isn’t exiting the Korea market but, as it’s nonetheless listed on Korbit, one other main Korean change, which relisted it in February.
What choices stay for Move Basis?
Relisting remains to be potential for $FLOW, offered that the grounds for the buying and selling warning designation are proven to have been sufficiently resolved.
This implies the Move Basis can nonetheless deal with the excellent issues of the exchanges by regular channels and search relisting as soon as the exchanges and DAXA are glad.
The Basis mentioned it stays open to constructive dialog with all events concerned.
It’s pursuing a number of contingency measures within the area, having acknowledged in its earlier launch that it’s not leaving Korea. The inspiration is looking for extra change listings within the Asia-Pacific area and is exploring a partnership with Korbit as an anchor home venue.
For now, the main platforms on which the $FLOW token stays listed are Coinbase, Kraken, OKX, Binance, Bybit, HTX, Gate, and Korbit, amongst others.
