[Upbit] Notice on Extension of Synthetix (SNX) Designated as a Cautionary Item

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

We would like to inform you that the period for Synthetix (SNX) being designated as a cautionary item has been extended by the Digital Asset Exchange Joint Consultative Body (DAXA) member companies. DAXA members can take actions such as urging caution, designating cautionary items, and terminating trading support for user protection.

• Reference: [Notice on Synthetix (SNX) Designated as a Cautionary Item](https://upbit.com/service_center/notice?id=5063)

Please find below the detailed reasons for the extension of the cautionary item designation period, and we ask members holding the digital asset to check the following details.

[Notice on Extension of Cautionary Item Designation Period]

SNX (Synthetix)

• Target Market: SNX/BTC

• Reason for Extension of Cautionary Item Designation Period:

• After requesting an explanation from Synthetix (SNX) following its designation as a cautionary item, we reviewed it but found that there are unresolved issues regarding the reasons for the designation and investor protection. The Digital Asset Exchange Joint Consultative Body (DAXA) has determined that additional explanations and more thorough reviews are necessary, thus extending the cautionary item designation period.

• Extended Cautionary Item Period: \~ 2025-06-24 (Tue) 15:00 KST

[Notice on Extension of Cautionary Item Designation Period]

• During the extended cautionary item designation period, Upbit will conduct additional reviews of the digital asset to determine whether to extend, lift, or ultimately terminate trading support.

• Upbit's designation of digital assets as cautionary items and termination of trading support is based on the [Policy on Designation of Cautionary Items and Termination of Trading Support for Digital Assets](https://static.upbit.com/guide/market_policy_close.pdf).

• The Digital Asset Exchange Joint Consultative Body (DAXA) is reviewing virtual assets supported by member companies and monitoring market conditions. In the event of a crisis requiring investor caution, we will continue to provide prompt information and take joint measures to protect investors.

Upbit will always do its best to ensure safe trading for our customers.

Thank you.

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

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