Bithumb Plans Legal Battle Following Seoul Central District Court Ruling on XENT

IconCryptoNewsTerminal Staff08 Jul, 2024

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Bithumb Plans Legal Battle Following Seoul Central District Court Ruling on XENT

Bithumb Vows to Appeal Seoul Court's Decision on XENT Trading Bithumb has announced plans to challenge a recent ruling by the Seoul Central District Court, which ordered the suspension of trading support for the XENT token. In a statement released on its official website, Bithumb expressed its dissatisfaction with the court's decision, stating that it "does not accept the decision and plans to immediately file an appeal." The exchange also emphasized that the court's ruling did not explicitly address the issue of XENT's business sustainability. This ruling is the latest development in an ongoing legal battle between Bithumb and XENT. The exchange previously delisted the token in September 2022, citing concerns about its legitimacy. Bithumb's decision to challenge the court's ruling signals its determination to defend its position and protect the interests of its users. The outcome of the appeal will be closely watched by the cryptocurrency community.

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