Hello Flitpay FAM,
In the light of recent developments concerning Linear Finance, Flitpay has decided to delist the LINA/INR pair, which is available to trade on Quick Buy/Sell and Spot. This decision is made with your security and trust in mind, ensuring a transparent and reliable experience in our services.
Why is Flitpay Delisting Linear Finance (LINA)?
The decision to delist LINA comes amid the ongoing financial challenges faced by Linear Finance. The firm officially announced that it will halt operations due to prolonged financial struggles. In a recent post on its X handle, it revealed that the project’s key stakeholders and owners have exited their positions. Additionally, Binance’s major announcement regarding the delisting of LINA has triggered massive sell-offs of the token. These liquidations have resulted in a 65% wipeout of LINA’s market cap.
The occurrences have sparked substantial concern about the investors' funds and safety, encouraging Flitpay to delist Linear Finance (LINA) on 29 March 2025, 15:00 IST.
Please Note:
Post-delisting users will not be able to Sell, Trade, or Invest in LINA on the platform. However, the Buying of LINA on Flitpay has already ceased from 27 March, 2025. Please take the necessary action with your LINA funds on or before the aforementioned date.
What should I do if I have LINA holdings on Flitpay?
As a preventative measure to weather this storm, Flitpay advises you to sell off all your Linear Finance (LINA) holdings on Flitpay on or before 29 March 2025, 15:00 IST
Update as of 14 July, 2025
Despite prior notification, Flitpay observed that many users did not take the necessary action regarding their LINA holdings on the platform. To safeguard the monetary value of the unsold assets, Flitpay has converted users' LINA holdings into INR at a rate of 0.003 INR per LINA. The converted INR amounts has been autonomously credited to the respective Flitpay wallets of users with LINA holdings.
Disclaimer: While we strive to provide you with utmost security and transparency. It is crucial for investors to regularly verify assets they intend to trade and invest in. We encourage users to stay informed and make decisions based on profound understanding of the assets involved. It is important to note that Flitpay does not bear any liability on users' losses and does not guarantee any returns. Your understanding and diligence in this matter are greatly appreciated.
Happy Trading and Investing
Team Flitpay