Ethena Deposits 128.6 Million ENA to Binance, Possibly to Cover Stolen Asset Shortfall

TechFlow reported on Oct. 31 that, according to on-chain analyst Ember, over the past 2 hours Ethena deposited 128.6 million ENA to Binance, valued at approximately $24.33 million.

Ember speculated that the transfer may have been Binance buying ENA over-the-counter (OTC) to cover the shortfall of 217.5 million ENA stolen yesterday and complete proof of reserves (PoR).

Source: TechFlow