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Start free trial →Unchained · Crypto & Web3 · November 2026
Kain Warwick recounts how Synthetix had long believed it couldn't recover tokens stolen in the Binance hack without rewriting token state. 'Clanker' is his word for an AI model, which spotted a much simpler route.
It's not baked into the
…now for it's really the first time this has been possible to have like a neutral infrastructure that has proven high integrity where developers, risk managers, protocol teams can implement their own custom logic into these off-chain systems that integrate with the on-chain component of the system.
All right. Let's let's go through a couple more of the incidents here. So one involved synthetics. So I can. I can speak to that directly. So, so we got up, and I think like 20, maybe 20 million or 25 million or something like that. Uh, SNX, it's like solidly like 10-15% of the total supply of SNXs on Binance, right? So, anything happens to Binance, I'm like, definitely that's waking me up, right? So, um, so it was my morning, and I was like, okay, let's figure out what's going on here. Um, you know, we identified the wallet, uh, I think it was about 9 million SNX had been stolen. Um, but because synthetics has historically said, eh, there's nothing we can do, um, they didn't bother to do anything with it, they just let it sit there. They're probably like, yeah, we got years before these guys figured their shit out, right? Um, but unfortunately, it was it was not to be um, because we were like, All right, hang on a second, this is clearly North Korea, the biggest hack in history. Like, we cannot sit here and do nothing. Like, let's go back to first principles and ask the question…
Oh. And I was like,
no, no, no, we can't do that. Literally, like, this is in the office. People were talking. And I was like, no, no, no, that wouldn't work. We can't do it because it wouldn't work. And one of the guys is like, Opus is pretty convinced that it would work. And I was like, fuck that guy. He doesn't…
Oh, we can just create a new approval. Yeah. It just created a