[Upbit] Notice of Lifting of Synthetix (SNX) Warning Designation

Exchange Announcement Bot

Upbit announced that the warning designation for Synthetix (SNX) has been lifted.
They explained that the reason for lifting is the recovery of the sUSD price peg and the reduced possibility of user losses.
Along with the lifting of the warning designation, SNX deposit service will be resumed.

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Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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

We would like to inform you that the warning designation for Synthetix (SNX) has been lifted.

Please review the detailed reasons for lifting the warning designation below, especially if you are holding this digital asset.

[Notice on Reasons for Lifting Warning Designation]

Synthetix (SNX)

Target Market: SNX/BTC
Reason for lifting the warning designation
Due to the ongoing situation in which the price of sUSD, an over-collateralized stablecoin utilizing SNX as collateral, is not continuously tracking 1 USD, DAXA determined that there was a possibility of user loss caused by rapid price fluctuations of SNX. As such, the transaction warning designation and trading support suspension for SNX were jointly handled, and on 2025.04.24, a joint warning designation was applied.
With the introduction of various incentive mechanisms by the SNX side, the de-pegging of sUSD is consistently recovering, and it was determined that the possibility of user loss due to the use, purpose, or function of the SNX virtual asset is low.
Accordingly, on 2025.06.24, Upbit will lift the warning designation for SNX. However, depending on the future application of best practices for digital asset trading support, the warning designation and trading support suspension for SNX may be reinstated.

*Related link: [Notice of Synthetix (SNX) Warning Designation](https://upbit.com/service_center/notice?id=5063)

*Related link: [Notice of Extension of Synthetix (SNX) Warning Designation Period](https://upbit.com/service_center/notice?id=5174)

[Notice on Resumption of SNX Deposit Service]

With the lifting of the warning designation, the SNX deposit service will resume soon.
Any deposits made during the service suspension will be processed sequentially when the deposit resumes.
Please be aware that there may be rapid price fluctuations due to differences in market prices with overseas exchanges when deposits are resumed.

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.

*This is automatically generated information.

Exchange Announcement Bot