PANews reported on March 16 that, according to Digital Asset, the Seoul Central District Court in South Korea rejected the application for a temporary injunction filed by the Flow Foundation and Dapper Labs against Upbit, Bithumb, and Coinone, which aimed to suspend the three exchanges' decision to terminate support for FLOW trading.

Previously, these three exchanges decided to terminate trading support for the Flow token due to the FLOW hack in February. The court held that there was insufficient evidence to suspend the delisting decision, and that the exchanges' assessment of the unresolved risks was not obviously erroneous; therefore, protecting potential investors should be the priority. FLOW can still be traded on the South Korean cryptocurrency exchange Korbit, but it was delisted from Upbit, Bithumb, and Coinone as scheduled at 3 PM local time today.