Binance Hack News: Ethena Transfers $24M in ENA During Reserve Rebuild

Ethena has transferred roughly $24 million worth of ENA to Binance as the exchange works to rebuild assets lost in this week’s record-breaking security breach. The hack began at around 20:05 UTC on October 29, when Binance says unauthorized withdrawals started from compromised hot wallets. The exchange later estimated the total loss at approximately $6.3 billion across multiple token assets, making it one of the largest crypto exchange breaches ever reported. Binance says users will not absorb those losses, with its SAFU fund and corporate treasury being used to cover the damage.