Do you remember the Flow hack late last year? They suffered a security breach in late December 2025, but they subsequently released a technical post-event report and announced that validators halted the network within approximately six hours of the first malicious transaction, preventing further spread. I personally found this incident fascinating. They chose to roll back the chain before the hack, but then canceled the rollback, isolating only the affected accounts, leaving other users unaffected. I remember it as a case of a swift and accurate solution to the hack. Perhaps because of this hack, domestic exchanges Upbit, Bithumb, and Coinone announced on March 16th that they would terminate FLOW trading support and delist it. Today, the Flow Foundation and Dapper Labs filed an injunction with the Seoul Central District Court. Personally, I feel like this case isn't simply a "delisting due to hacking" issue, as it involves a lot of context. 1) The hacking incident was resolved quickly and accurately, and 2) there was a follow-up update at the end of January stating that approximately 87b of FLOW was permanently burned! Some companies have reached different conclusions after reviewing the same data. Korbit lifted the FLOW trading warning designation on February 27th, and major exchanges such as Coinbase, Kraken, Binance, OKX, and HTX have resumed FLOW trading after independent reviews. Therefore, I see this injunction request not as a simple protest, but rather as a process to question whether a matter that has already been restored, explained, and taken follow-up measures has been thoroughly reviewed. This case has many interesting aspects, so I'll have to wait and see what the court's decision is!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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