Synthetix Governance Transfers 428,000 SNX Stolen in Mercado Bitcoin Hack to DAO Address

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Synthetix governance has moved 428,000 SNX, stolen in the Mercado Bitcoin exchange hack, to the Synthetix Protocol DAO address. The tokens, valued at approximately $76,000, were taken during the cryptocurrency hack earlier this year. The transfer was confirmed by on-chain data and reported by Odaily. This action follows community approval and aims to return the funds to the protocol’s control.

Odaily Planet Daily reports that Synthetix governance has moved the 428,000 SNX stolen in the Mercado Bitcoin hack—valued at approximately $76,000—from the attacker’s wallet to the Synthetix Protocol DAO address.

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