Polaris Share files for injunction to halt Bithumb delisting

Polaris Share (POLA) has filed for a court injunction to suspend its delisting from the South Korean exchange Bithumb, the project announced via its official X account. The first hearing is scheduled for July 1. Polaris Share stressed that during the investment warning period, it had diligently submitted materials and provided explanations regarding its business progress, trading and adoption status, and overall community activity. Bithumb had previously announced the delisting, explaining that the materials provided by the foundation were insufficient to resolve the issues that led to the investment warning. The exchange stated that after a comprehensive review, it concluded the project did not meet the criteria for continued trading support.