Binance Starts Shopping for Stolen Coins as Ethena Ships $24M in ENA

Binance has started buying back the tokens lost in its $6.3 billion hack, and onchain data shows wallets associated with Ethena sent 128.63 million ENA worth about $24 million to the exchange. At press time, Ethena has deposited 128.63 million ENA into the exchange over eight hours. Moreover, Arkham Intelligence data has shown the tokens leaving an address labeled “Ethena: Coinbase Prime Custody” in batches of roughly 25.25 million ENA (all of which eventually landed in a Binance deposit address ). The size lines up with what was taken, as onchain analyst EmberCN pointed out that 217.5 million ENA was stolen from Binance on Oct. 29. That means the Ethena transfers cover roughly 59% of the missing tokens.

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