After Bithumb announced that it would delist Galaxia (GXA), its currency price plummeted by more than 45%.

Galaxia (GXA), a virtual asset (cryptocurrency) operated by a subsidiary of Galaxia Moneytree, plunged more than 45% after Bithumb announced it was offline. In November last year, GXA fell sharply due to abnormal withdrawals from wallets managed by the foundation that were inconsistent with the token distribution plan. Therefore, the Joint Advisory Group of Digital Asset Exchanges (DAXA), including Bithumb, confirmed with the Foundation measures to protect investors and prevent the recurrence of such incidents, but upon review determined that the explanation materials and follow-up actions submitted by the Foundation were insufficient. , therefore trading is suspended and support has been decided to be terminated. According to Bithumb’s announcement, GXA trading will terminate at 14:00 on January 29th, and withdrawals will end at 14:00 on February 26th. (Hankyung)