Bithumb Under Fire by Seoul Court Over XENT Lawsuit Handling

Quick Summary:

Bithumb, South Korea’s second-largest crypto exchange has come under fire from the Seoul Central District Court for handling the injunction lawsuit concerning the delisting of the XENT token.

Consequently, the SDKB criticized the crypto exchange for not disclosing the internal standards used to evaluate business sustainability.

As of the Virtual Asset User Protection Act, South Korea has directed that crypto exchanges such as Bithumb must pay supervisory fees.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaSouth Korea

Topics: Exchange News 24/7 Cryptocurrency News Bithumb AGIX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 18:49:59 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22150002

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Main Topics: Crypto

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