Critical Decision from South Korean Giant for This Altcoin: Transactions Suspended!

Bithumb, one of South Korea’s largest cryptocurrency exchanges, has announced a critical decision by issuing an investment warning for an altcoin.

According to the statement made by Bithumb on August 7, 2026, Synthetix (SNX) has been included in the “investment warning” category. The exchange’s notice stated that deposit transactions for the asset would be suspended as of 16:30 on August 7, 2026. Bithumb also warned investors that even transfers made before this time might experience issues in appearing due to network congestion and confirmation delays.

Synthetix (SNX) was added to this list because the project’s business progress and ecosystem utility were deemed insufficient. The exchange stated that it reached this decision after a comprehensive review of the project’s current status and future plans. Investors were urged to closely monitor the asset’s status throughout the warning process.

The exchange emphasized that such audits will continue systematically to ensure a safe trading environment. The final decision for SNX (removal of the warning or delisting) is expected to be announced in the fourth week of August (between August 24-28). It was stated that if the project’s deficiencies are addressed during this period, the investment warning could be lifted.