Bithumb's Controversial Suspension Sparking Outrage: Cent Coin Investors Petition National Assembly

IconCryptoNewsTerminal Staff22 Jul, 2024

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Bithumb's Controversial Suspension Sparking Outrage: Cent Coin Investors Petition National Assembly

Bithumb's recent decision to suspend trading of Cent coin has sparked controversy and drawn the attention of investors and regulators alike. In response, 21 Cent coin investors have joined forces to submit a group petition to the National Assembly, expressing their dissatisfaction and demanding action. The petitioners argue that Bithumb's suspension was unreasonable and inconsistent, and they are requesting that measures be taken to allow Cent coin to be traded normally. They also point to the recent injunction granted by the Seoul Central District Court, which suspended the delisting of Cent from Bithumb. Bithumb has since filed an appeal against the injunction, further escalating the conflict. The group petition to the National Assembly is a clear indication of the growing frustration among Cent coin investors and the need for regulatory intervention to ensure fairness in the cryptocurrency market.

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