Stream Basis and Dapper Labs have filed a movement with the Seoul Central District Court docket to droop the termination of buying and selling assist on main South Korean exchanges for the Stream blockchain’s native FLOW token.
Abstract
- Stream Basis and Dapper Labs have requested a Seoul courtroom to droop the deliberate termination of FLOW buying and selling on Upbit, Bithumb, and Coinone.
- A December 2025 exploit allowed an attacker to duplicate about $3.9 million in tokens, however post-incident studies confirmed person balances weren’t affected.
In line with a March 8 announcement, the corporations are asking the courtroom to briefly halt the delisting determination by Upbit, Bithumb, and Coinone, which introduced plans to finish buying and selling assist for the token on Feb. 12 after a safety incident on the layer-1 blockchain.
As beforehand reported by crypto.information, on Dec. 27, the Stream blockchain suffered a protocol-level exploit that allowed an attacker to mint about $3.9 million in duplicated tokens.
Though autopsy studies revealed later confirmed that the incident didn’t affect person balances, it led to a brief halt of the community and triggered emergency measures from validators, who had been in a position to pause the chain and work with trade companions to freeze and get better funds linked to the assault.
Stream initially proposed a full chain rollback restoration plan, which acquired opposition from ecosystem companions who had been involved it might create double balances for customers who bridged property out throughout the rollback window and losses for many who had bridged property into the community throughout the identical interval.
Builders later opted for an remoted restoration plan by focusing on and destroying the duplicate tokens in a bid to protect official person exercise on the community.
A number of exchanges suspended FLOW buying and selling and providers following the incident, together with Upbit, Bithumb, and Coinone, that are on the middle of the Stream Basis’s courtroom movement.
Nevertheless, after conducting particular person critiques of the incident and the remediation measures taken by the mission, many of those platforms have since restored full providers for the token.
The muse contends that the FLOW token stays obtainable on main international exchanges, together with Binance, Coinbase, Kraken, whereas Korbit continues to assist FLOW buying and selling in South Korea.
“Given the load of recent proof, Stream Basis and Dapper Labs have filed a movement with the Seoul Central District Court docket requesting a suspension of the buying and selling termination till a radical overview may be accomplished,” the muse stated.
“This step displays the duty of the Basis to advocate for the Korean neighborhood utilizing each obtainable pathway. The Basis stays open to constructive dialog with all events concerned,” it added.
The courtroom is about to overview the appliance on March 9 and can decide the subsequent steps within the case.
Additional, the muse stated it will proceed to pursue extra trade listings in South Korea and would broaden “self-custody entry choices” for impacted customers.
As of final examine, FLOW token was down 6.4% over the previous 24 hours and was buying and selling 99.9% beneath its all time excessive.
