Crypto
Upbit Flags Sophon (SOPH) Under Trading Caution Amid Disclosure Concerns, Binance Removes Seven USDC Pairs
Upbit has placed Sophon (SOPH) under trading caution and halted deposits across KRW, BTC, and USDT markets. The exchange cited shortcomings involving disclosure, changes to the token's circulation plan, and the procedures used to make those changes.
The review runs until mid-October, with delisting possible if Upbit's concerns remain unresolved afterward. Deposits sent after September 22 will not be credited normally and are subject to return, according to the notice.
Binance has scheduled seven USDC spot pairs for removal on September 25 after reviewing liquidity and volume. The underlying tokens will remain tradable on Binance through other supported pairs after USDC markets close.