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, designated SNX as a cautionary item. Assets receiving this designation typically undergo rigorous evaluations to determine whether trading can continue or if delisting becomes necessary. Exchanges may take action, such as adding a warning tag to the asset and urging investors to take caution when engaging with the asset
source: https://cointelegraph.com/news/south-korea-exchanges-block-synthetix-deposits-susd-depeg?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound