On April 24, Upbit announced that due to sUSD's failure to maintain a stable peg at 1 USD, resulting in abnormal price risks, Synthetix (SNX) has been listed as a trading alert asset by DAXA. Starting from 15:00 on the same day, the deposit service for SNX has been suspended. The platform will evaluate this asset to decide whether to extend the observation period, lift the alert, or terminate trading support. If the risks are not fully resolved during the evaluation period, SNX may face delisting. The resumption time for the deposit service will be notified separately.

SUSD

PANews reported on April 24 that according to the Upbit announcement, Synthetix (SNX) was listed as a trading warning asset by DAXA because sUSD failed to stabilize the anchor of 1 US dollar and there was a risk of abnormal price. The deposit service of SNX was suspended from 15:00 (local time) on the same day. The platform will evaluate the asset and decide whether to extend the observation, lift the warning or terminate the trading support. If the risk is not completely resolved during the evaluation period, SNX may face delisting. The time for the resumption of deposit support will be notified separately.

Upbit Flags Synthetix (SNX) for Trading Alert and Suspends Deposit Service Due to Abnormal sUSD Price