128.6 Million Ethena Tokens Sent to Binance, Possibly to Help Cover Hack Losses
A wallet tied to Ethena transferred 128.6 million ENA worth $24.33 million to cryptocurrency exchange Binance, raising the possibility that the tokens were part of an over-the-counter deal to help cover losses from the hack.On-chain data dated October 30 showed that the address labeled as an Ethena wallet, "0xB805…E890936," deposited 128.6 million ENA into Binance over the past two hours.Binance had previously lost 217.5 million ENA in the hack. The attacker sold the tokens for about $33.93 million. The latest deposit is equal to about 59% of the stolen ENA.Binance has said it secured more than $6.34 billion in company funds to fully compensate users for their losses. Of that amount, $5 billion is held in the same type of tokens as the stolen assets, while the rest is being bought in the market and through over-the-counter trades.