Ethena Transfers $24.33 Million in ENA to Binance After Exchange Theft

Ethena transferred 128.6 million Ethena (ENA) tokens, worth $24.33 million, to Binance, potentially as part of the exchange’s effort to replace stolen assets. The transfer occurred in the two hours leading up to Oct. 30 at 8:21 p.m. ET (Oct. 31 at 00:21 UTC). Binance is buying back stolen assets in spot and over-the-counter (OTC) markets to complete its proof of reserves. The deposit may represent an OTC purchase of ENA from Ethena to cover part of the shortfall. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.