According to a recent announcement by Bithumb, effective 15:00 on June 27, 2025, Felaz (FLZ) will be classified as a trading warning stock under the Virtual Asset Trading Warning Stock Designation Guidelines. This decision follows challenges in verifying the token’s utility and project viability, coupled with weak on-chain metrics and unfavorable trading conditions. Consequently, Bithumb will suspend deposit services for FLZ to mitigate investor risk. Conversely, Synthetix (SNX) has successfully addressed previous concerns, resulting in the removal of its trading caution status and the reinstatement of deposit functionalities. This update reflects Bithumb’s ongoing commitment to maintaining market integrity and protecting users by enforcing stringent compliance standards on listed digital assets.
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