Binance Hack News: Ethena Transfers $24M in ENA During Reserve Rebuild
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.6 Articles
6 Articles
Ethereum (ENA) fell 4.4% to $0.1777 amid discounted sale of Binance hack proceeds and uncertainty surrounding the November unlock. Live data shows the price has rebounded to $0.1804.
Binance Starts Shopping for Stolen Coins as Ethena Ships $24M in ENA
Binance has started buying back the tokens lost in its $6.3 billion hack, and onchain data shows wallets associated with Ethena sent 128.63 million ENA worth about $24 million to the exchange. Ethena Tokens Flow Into Binance Blockchain trackers flagged the transfers early on Oct. 31, writing: Binance is buying back the stolen assets through […]
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
According to ChainCatcher, on-chain analyst EmberCN reported that Ethena deposited 128.6 million ENA tokens, worth approximately $24.33 million, into Binance in the past two hours. EmberCN speculates that Binance is currently buying back stolen assets through on-exchange and off-exchange trading to replenish the asset gap in its Proof-of-Reserve (PoR) stack, and this transfer may be related to Binance's off-exchange purchase of ENA from Ethena. …
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
