Upbit and Bithumb Suspend Synthetix Deposits Citing sUSD Volatility Threats

TL;DR Upbit and Bithumb suspended SNX deposits following a DAXA warning over risks posed by sUSD’s instability. The drop of sUSD to $0. 68 and SNX’s 26% plunge set off alarms on Upbit and Bithumb, triggering restrictions and warnings. The founder of Synthetix urged stakers to adopt a new system to contain the sUSD crisis and. . . source: https://crypto-economy.com/upbit-and-bithumb-suspend-synthetix-deposits-citing-susd-volatility-threats/