In a recent incident stemming from a $6.4 billion hack targeting Binance, Synthetix's protocolDAO successfully recovered approximately $8.4 million in stolen SNX tokens, which have been secured in a multisig Safe awaiting a transfer request from Binance. Meanwhile, a mistake by the attacker caused about 8 million NEWT tokens (valued at around $3.5 million) to be transferred directly to a smart contract, rendering them permanently inaccessible. This exploit is noted as the largest in cryptocurrency history, leading to nearly $3 billion in stolen assets being frozen across multiple networks by various protocols, including significant actions by centralized stablecoin issuers like Tether and Circle. Despite recovery efforts, many assets remain uncontainable due to the decentralized nature of certain tokens.
Read article: https://crypto-economy.com/synthetix-successfully-recovers-locked-snx-and-newton-tokens/
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