Current outcome
Ethena deposited 128.6 million ENA (about $24.33 million) to Binance, apparently as part of Binance's buyback of the 217.5 million ENA stolen in its breach so it can complete Proof of Reserves.
Progress timeline
2 material updates- #01
【Ethena 向币安存入 1.286 亿枚 ENA,价值约 2433 万美元】
Ethena deposited 128.6 million ENA (about $24.33 million) to Binance, apparently as part of Binance's buyback of the 217.5 million ENA stolen in its breach so it can complete Proof of Reserves.
Source evidence: foresightnews
- #02
【Ethena:对币安未实现盈亏敞口约 880 万美元,远低于储备基金】
Ethena said its unrealized PnL exposure to Binance totals about $8.8 million — far below its over $60 million excess reserve fund — with collateral held at off-exchange custodians and third-party proof of reserves due within hours, amid on-chain reports of a suspected Binance hot wallet attack.
Source evidence: foresightnews