Synthetix Moves 428,000 SNX From Wallet Gallic Identified as Mercado Bitcoin Hack-Linked

Simon Yoon

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Synthetix Moves 428,000 SNX From Wallet Gallic Identified as Mercado Bitcoin Hack-Linked

The tokens were valued at about $76,000 and sent to the Synthetix Protocol DAO address.

By Simon Yoon

Published Nov 2, 2026, 10:49 PM EST

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BTC Bitcoin

A silver token crosses from a dark tray toward a pale stone slot / TokenPost.ai

Synthetix governance moved 428,000 Synthetix (SNX), valued at about $76,000, from a wallet that on-chain analyst Emmett Gallic identified as tied to the Mercado Bitcoin hack to the Synthetix Protocol DAO address.

Simon Yoon

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Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.