Ethena Transfers $24.33 Million in ENA to Binance After Exchange Theft

Simon Yoon

1 min read

Add as a preferred source on Google

Ethena Transfers $24.33 Million in ENA to Binance After Exchange Theft

Binance is buying back stolen assets to complete its proof of reserves, and the deposit may be part of that effort.

By Simon Yoon

Published Oct 30, 2026, 8:26 PM EDT

An unmarked metal token rests at the edge of a steel deposit slot / TokenPost.ai

Ethena transferred 128.6 million Ethena (ENA) tokens, worth $24.33 million, to Binance, potentially as part of the exchange’s effort to replace stolen assets.

The transfer occurred in the two hours leading up to Oct. 30 at 8:21 p.m. ET (Oct. 31 at 00:21 UTC). Binance is buying back stolen assets in spot and over-the-counter (OTC) markets to complete its proof of reserves. The deposit may represent an OTC purchase of ENA from Ethena to cover part of the shortfall.

The Binance security incident involved 217.5 million ENA.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.