
South Korean exchanges Upbit and Bithumb have suspended deposits for Synthetix (SNX) tokens after it was flagged by the Digital Asset Exchange Alliance (DAXA) for potential risks.
DAXA, the self-regulatory organization establishing industry standards for South Korean exchanges, data-ct-non-breakable=”null” href=”https://upbit.com/service_center/notice?id=5063″ rel=”null” target=”null” text=”null” title=”null”>designated SNX as a cautionary item.
Assets receiving this designation typically undergo rigorous evaluations to determine whether trading can continue or if delisting is necessary.
Exchanges may take action, such as adding a warning tag to the asset and urging investors to…

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