Upbit and Bithumb Take Action on Synthetix Token After Risk Flag Raised, Halt Token Deposits Over sUSD Volatility Concerns
Upbit and Bithumb halted SNX deposits after DAXA flagged risks tied to sUSD’s broken dollar peg. Amid growing concern over Synthetix’s collateral model, the founder urged stakers to adopt a new framework, warning of possible tougher measures.
