# Synthetix Recovers 8.41 Million SNX Stolen From Binance, Plans Return

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/44631
Published: 2026-10-30T11:58:15.000Z
Updated: 2026-10-30T11:58:15.000Z
Section: Technology

> The tokens are valued at about $1.53 million and remain in a Synthetix protocolDAO multisignature wallet pending Binance’s request.

Synthetix has recovered about 8.41 million Synthetix Network Token (SNX) taken from Binance and plans to return them at the exchange’s request. The tokens, valued at about $1.53 million, are currently held in a multisignature wallet belonging to Synthetix protocolDAO.

An on-chain transfer moved the SNX from an address identified as the attacker’s to the protocolDAO wallet. Synthetix said it has notified Binance about the recovery. The transfer into protocolDAO custody completes the recovery described in the announcement, while the return to Binance remains a separate step.

Binance’s request is the condition Synthetix gave for sending the tokens back. The announcement does not say the assets have already been transferred to Binance; it places them in the DAO’s wallet pending the requested return. The arrangement makes protocolDAO the current custodian, with Binance named as the intended recipient. About $1.53 million in SNX has therefore been recovered into DAO custody, pending the return.