Binance Buys Stolen Coins Amid Ethena's $24M ENA Ship

Ethena Tokens Flow Into Binance as Exchange Buys Back Stolen Assets

Binance has commenced the process of repurchasing tokens lost during its $6.3 billion hack. Onchain data indicates that wallets linked to Ethena have transferred 128.63 million ENA, valued at approximately $24 million, back to the exchange.

Blockchain trackers first identified these transfers on October 31st, noting that Binance was acquiring the stolen assets through these transactions.