BULLISH 55 The Defiant 1H ago · 1 min read

Synthetix recovers 8.4 million SNX stolen in Binance hack, tokens held in Safe

AI summary

Synthetix has recovered 8.4 million SNX tokens that were stolen in a Binance hack, with the protocolDAO confirming the funds are secured in its Safe. The tokens will be returned once Binance formally requests them. The recovery removes an overhang on SNX supply and signals effective coordination between the protocol and the exchange after a security breach.

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