Synthetix Recovers 8.4M SNX Stolen in Binance Hack

The recovery itself is less telling than the precedent: stolen tokens held by a protocol DAO rather than a centralized exchange, pending the victim's formal claim. That shifts the burden of restitution onto the exchange's request process, and the open question is how quickly and on what terms Binance reclaims the SNX. For SNX holders, the supply overhang is resolved in principle but not yet in practice, since the tokens sit in a DAO Safe rather than being burned or returned to circulation. Whether similar hack recoveries become routine is worth watching.