Synthetix (SNX) has been designated as a token to watch for trading by the Korea Digital Asset Exchange Association (DAXA).

Wu Shuo has learned that Upbit announced that due to the $sUSD stablecoin's inability to maintain its peg to 1 USD and the significant volatility of the associated token $SNX, $SNX has been designated as a "Token to Watch for Trading" by the Digital Asset Exchange Association (DAXA). Starting from 15:00 KST on April 24, Upbit will suspend $SNX deposit services. Upbit stated that the platform will decide whether to resume or terminate trading support based on subsequent evaluations. The resumption time for deposits will be notified separately, and all deposits during this period will be temporarily suspended and refunded.