[Upbit] Notice on Extension of Synthetix (SNX) Designated Investment Warning Period

Hello. This is Upbit, the most trusted global standard digital asset exchange.

We would like to inform you that the designated investment warning period for Synthetix (SNX) has been extended by the member companies of the Digital Asset eXchange Alliance (DAXA). DAXA member companies may take actions such as issuing warnings, designating investment warning items, or terminating trading support to protect users.

• Reference: [Notice on Synthetix (SNX) Designated Investment Warning](https://upbit.com/service_center/notice?id=5063)

Please refer to the detailed reasons for the extension of the designated investment warning period below, and we ask members holding this digital asset to carefully review the following.

[Notice on Extension of Designated Investment Warning Period]

SNX (Synthetix)

• Target Market: SNX/BTC

• Reason for Extension of Investment Warning Designation:

• After requesting clarifications from Synthetix (SNX) upon its designation as an investment warning item, we conducted a review; however, we determined that some issues behind the designation and related to investor protection have not yet been resolved. DAXA has decided that additional explanations and further detailed examination are necessary; therefore, the investment warning designation period is being extended.

• Extension period for investment warning item: \~ 2025-06-24 (Tue) 15:00 KST

[Additional Notice Regarding the Extension of the Designated Investment Warning Period]

• During the extended designation period, Upbit will conduct further review on the digital asset in question and will determine whether to further extend, lift, or finally discontinue trading support for the designation.

• The designation of investment warning items and termination of trading support at Upbit are based on the [Policy on Designation of Digital Asset Investment Warning Items and Trading Support Termination](https://static.upbit.com/guide/market_policy_close.pdf).

• DAXA is currently reviewing virtual assets supported by member companies and monitoring market conditions. In the event situations arise that require investor caution, we will continue efforts to protect investors by providing timely information and taking joint responses.

Upbit will always do its best to ensure your safe trading experience.

Thank you.

※ Virtual assets are high-risk products and may result in the loss of all or part of your investment principal.

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