About 8.4 million SNX tokens have been recovered, and Synthetix will return them as requested by Binance.
After a security incident, the market typically goes through three stages:
1) Immediate reaction: news shock and concentrated selling;
2) Digestion: how significant the loss is relative to the project’s size, and whether the stolen funds will be dumped on the market;
3) Follow-up: the team’s response plan determines whether sentiment can recover.
$SNX is currently at 0.1827, down 7.82% over 24 hours. Don’t rush to buy the dip—wait until the second stage becomes clearer before reassessing.
#SNX
After a security incident, the market typically goes through three stages:
1) Immediate reaction: news shock and concentrated selling;
2) Digestion: how significant the loss is relative to the project’s size, and whether the stolen funds will be dumped on the market;
3) Follow-up: the team’s response plan determines whether sentiment can recover.
$SNX is currently at 0.1827, down 7.82% over 24 hours. Don’t rush to buy the dip—wait until the second stage becomes clearer before reassessing.
#SNX
