Bithumb Delays Delisting of XENT Due to Court Injunction and Ongoing Legal Proceedings

IconCryptoNewsTerminal Staff07 Jul, 2024

cryptonews.jpg

Bithumb Delays Delisting of XENT Due to Court Injunction and Ongoing Legal Proceedings

Bithumb, a major South Korean cryptocurrency exchange, has announced that it will be postponing the delisting of XENT tokens. The exchange had initially planned to delist XENT today, but has since decided to delay the action due to ongoing legal proceedings with the XENT Foundation. Earlier today, a court granted an injunction suspending the delisting of XENT on Bithumb. The XENT Foundation had filed a lawsuit against Bithumb, requesting that the exchange remove the investment warning and cancel the delisting. Bithumb has not yet announced a new date for the delisting of XENT. The exchange is expected to provide an update once the legal proceedings have been resolved. In the meantime, XENT tokens will continue to be traded on Bithumb. However, the exchange has advised traders to exercise caution when trading XENT due to the ongoing legal uncertainty.

Related News