It's likely they view it not have a white paper, and not having a working blockchain. Their is no excuse for Dan and his team to be in this position at the moment. It's been a mess since the wallet issues in August which still has bugs. Haejin may very well be right on this coin, but changes need to happen at SAFEX for this market to go forward. Do your research when investing. Use stop losses and Haejin is brilliant. I can't thank him enough for what I've learned.
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And there are changes underway, which Daniel updates the community on constantly, and he answers questions and concerns constantly. Please see the Dec. 13 Safex update.
https://safe.exchange/t/safex-development-update-december-13-2017/2939