Nima Capital, a Venture Capital (VC) partner for Synapse, has liquidated approximately nine million SYN tokens.
This development comes after the VC secured a grant from Synapse by providing $40 million worth of SYN liquidity for a 12-month period.
Nima Capital has since gone dark and remains uncontactable despite Synapse's best efforts.
The VC's website is currently offline, and its official social media account on X is protected.
Chain of Events
Synapse first detected the liquidity drain on September 5th, attributing it to an "unknown liquidity provider".
While the cross-bridge promptly assured its community that there was no security breach, crypto sleuths quickly confirmed on social media that the wallet address in question was indeed connected to the Synapse ecosystem.
The wallet address in question had recently received a substantial grant from Optimism (OP).
Furthermore, a user pointed out that the funds liquidated were transferred to an entity that had sold them just ten days prior - directly connecting it to Nima Capital.