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SPCX $143.93 +1.73%
MU $825.20 +16.57%
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Analysis: Ethena transferred 128.6 million ENA to Binance, possibly related to Binance's replenishment of stolen assets

2026-10-31 08:45:03

According to on-chain analyst Yu Jin's monitoring, Ethena deposited 128.6 million ENA into Binance in the past 2 hours, worth approximately 24.33 million USD.

EmberCN speculates that Binance is currently buying back stolen assets through both on-exchange and off-exchange transactions to fill the asset gap in the Proof of Reserves (PoR), and this transfer may be related to Binance's off-exchange purchase of ENA from Ethena.

Previously, a total of 217.5 million ENA was stolen in the attack on Binance, and the specific nature of the transactions has not yet been confirmed.

Interpretation
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