Flow Foundation seeks court order to block FLOW delisting on Korean exchanges
Flow Foundation is seeking a Seoul court order to halt planned FLOW delistings on three Korean exchanges following a December exploit that duplicated tokens.
The Flow Foundation and its parent company Dapper Labs filed a motion with the Seoul Central District Court on Monday seeking to block the planned delisting of the FLOW token from three South Korean exchanges.
Layer-1 blockchain Flow suffered a “security incident” in December when an attacker exploited a vulnerability that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances.
The exploit resulted in $3.9 million in duplicated tokens, but “no user funds were compromised, and all counterfeit tokens were permanently destroyed.”