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Binance Receives $24.33 Million Worth of Ethena (ENA) Tokens From Ethena

The 128.6 million-token transfer arrived in a two-hour window ending at 8:21 p.m. ET Friday, Oct. 30. A report said it may relate to the exchange’s recovery effort.

Updated 1 min read
An editorial diagram shows token units moving from a digital wallet into an exchange wallet. / TokenPost.ai (mono)
An editorial diagram shows token units moving from a digital wallet into an exchange wallet. / TokenPost.ai (mono)

A report published Friday said Binance received 128.6 million Ethena (ENA) tokens, valued at $24.33 million, in a transfer within the two hours before 8:21 p.m. ET Oct. 30 (00:21 UTC Oct. 31).

The report said Binance was purchasing assets through spot markets and over-the-counter (OTC) deals as it worked to restore holdings tied to a security incident and complete its proof of reserves. The incident involved 217.5 million ENA, according to the report.

The report described the deposit as a possible OTC purchase from Ethena that could address part of the shortfall. It did not say a sale had been confirmed.

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