Ethena transfers 128.6 million ENA tokens to Binance, reportedly linked to Binance replenishing stolen assets.
2 hours ago
According to EmberCN's monitoring, over the past two hours, Ethena has transferred 128.6 million ENA tokens to Binance, valued at approximately $24.33 million. EmberCN speculates that Binance is currently repurchasing the stolen assets via both on-exchange and over-the-counter (OTC) trades to fill the asset gap in its Proof of Reserves (PoR). This transfer may be linked to Binance's OTC purchase of ENA from Ethena. Earlier, 217.5 million ENA tokens were stolen in the Binance hack, and the exact nature of the transactions remains unconfirmed.
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