Upbit, Bithumb and Coinone place SNX on delisting watchlist

Upbit and Bithumb announced they have placed Synthetix (SNX) on a delisting watchlist, while Coinone also designated SNX for review. The exchanges said they found multiple shortcomings under best-practice guidelines for virtual asset trading support, including procedures for changes to total issuance and circulating supply plans, the project’s business substance, sustainability, and actual progress, and determined there was a risk of user harm. SNX deposits were temporarily suspended starting at 7:30 a.m. UTC today.