Ethena transferred 128.6 million ENA, worth $24.33 million, to Binance over the past two hours, according to on-chain analyst Ember. Odaily reported that Binance is buying back stolen assets through both on-exchange and over-the-counter channels as it works to complete its Proof of Reserves, or PoR. The transfer may reflect an OTC purchase of ENA by Binance from Ethena to help cover the shortfall created by the theft. Odaily also said the amount of ENA stolen from Binance yesterday totaled 217.5 million tokens. The report did not present this as a confirmed transaction purpose, but as a possible explanation for the deposit based on the timing and size of the transfer.
Ethena transferred 128.6 million ENA worth $24.33 million to Binance over the past two hours, according to on-chain analyst Ember, as cited by Odaily.
Odaily said Binance is currently buying back stolen assets through both on-exchange and over-the-counter channels to complete its Proof of Reserves, or PoR. The deposit may indicate that Binance purchased ENA from Ethena in an OTC deal to cover the gap left by the stolen assets.
Odaily added that 217.5 million ENA were stolen from Binance yesterday.
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