Upbit, a major South Korean cryptocurrency exchange, has designated Synthetix (SNX) as a cautionary trading item. This decision, announced on Upbit's official website, stems from concerns raised by the Digital Asset eXchange Alliance (DAXA). Deposit services for SNX will be temporarily suspended starting today at 15:00 (KST). The primary reason for this designation is the recent depegging of sUSD, a stablecoin over-collateralized by SNX. This divergence from sUSD's intended $1 value has introduced significant price volatility to SNX. Upbit fears that the fluctuations could lead to potential losses for investors holding SNX. The exchange emphasized its commitment to protecting users and maintaining a safe trading environment. Traders are advised to exercise caution when trading SNX. ```