Upbit Delists BONK, Issues Trading Warning for Synthetix

Upbit has announced it will delist BONK from its platform on September 7, citing unresolved security incidents and a lack of transparent material disclosures.

The exchange will halt trading in BONK/KRW and BONK/USDT pairs on the specified date, but withdrawals will remain available until October 7. This means holders can still move their tokens to external wallets after trading ends.

This decision is part of a trend seen on Korean exchanges since the Terra collapse, where platforms are taking a stricter stance on delisting tokens they deem opaque or risky.

Upbit has also designated Synthetix (SNX) as a trading warning asset, suspending deposits for the SNX/BTC pair. The exchange flagged shortcomings in SNX's issuance plans, project viability, and sustainability progress.