Korean DAXA Extends Trading Warning Period for Synthetix (SNX) Amid Ongoing Review

On May 28, COINOTAG reported that the Korean Digital Asset Exchange Association (DAXA), which includes major platforms like Upbit and Bithumb, has announced the extension of the trading warning period for Synthetix (SNX). Following the token’s classification as a trading warning asset, DAXA sought clarification through a detailed review. The association flagged several issues that remain unresolved regarding investor protection and the rationale for the warning designation. In light of the necessity for enhanced scrutiny and further information, the decision was made to prolong the designated trading warning period for SNX. This development underscores the ongoing regulatory diligence within the Korean crypto landscape, aimed at ensuring robust investor safeguards in the evolving digital asset market.