2024.01.31
Court Denies Galaxy Foundation's Injunction Request, GXA Delisted from Bithumb Amid Controversy
Galaxy Foundation's injunction to halt Galaxia's Bithumb support for GXA trading was denied by the court, leading to GXA's delisting at 3pm. Despite plans to pursue legal options, Galaxy aims to relist on other exchanges. GXA prices plunged over 45% on Bithumb and nearly 49% on Gopax. The case revolves around a disputed 380,000 GXA withdrawal from Galaxia Metaverse's wallet, labeled by DAXA as needing further investigation. Bithumb opted for delisting, while Gopax continued trading, citing confidence in GXA's issuer.
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