Upbit Delists Synthetix on September 28 Due to Unresolved Concerns

Upbit, South Korea's largest cryptocurrency exchange, will end trading support for Synthetix (SNX) on September 28. The decision follows a weeks-long review of the token, which was added to Upbit's warning list on August 7 due to unresolved issues around supply-plan changes and business authenticity.

The notice frames the delisting as a response to fundamental concerns that have shifted since the token's original listing, including potential changes to its supply plans and the sustainability of the underlying business.

SNX holders will be able to withdraw their assets for 30 days after the September 28 cutoff, with trading support ending at 3:00 p.m. local time. The exchange has not announced any migration or replacement listing for the token.