Ethena flags potential security incident tied to Binance
- —Ethena said it is aware of a potential Binance-related security incident
- —Collateral with exchange exposure sits with off-exchange third-party custodians
- —The project pledged updates on X as details are confirmed
Why it matters: Ethena is a major issuer of the synthetic dollar USDe, so any risk to its collateral directly affects confidence in the protocol.
Source: Bloomingbit