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TechFlow news — On September 5, according to Binance market data, SYN dropped 20% within four hours. In response, Synapse Labs stated that a Synapse liquidity provider sold their SYN tokens and removed liquidity today. Synapse is investigating unusual activity on their wallet and attempting to make contact. There are no security vulnerabilities in the protocol or cross-chain components.
On September 5, Binance market data showed that SYN dropped 20% within four hours. In response, Synapse Labs stated that a Synapse liquidity provider today sold their SYN tokens and removed liquidity. Synapse is investigating unusual activity on their wallet and is actively trying to contact them. There is no security vulnerability in the protocol or cross-chain functionality.
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