A South Korean court has rejected the Galaxia Foundation’s request for a preliminary injunction to end GXA’s trading support on Bithumb. As a result, GXA will be offline on the platform at 2pm today.
The Galaxia team stated that while we must respect the court's decision, we regret that rejecting the preliminary injunction will cause investors to be harmed even more, and we plan to take all legal measures. Even if Bithumb delists GXA, the team intends to continue normal operations and will strive to re-launch it on major domestic and foreign exchanges as soon as possible. (Decenter)