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

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/47255
Published: 2026-11-03T03:49:56.000Z
Updated: 2026-11-03T03:49:56.000Z
Section: Technology

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

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.