On the morning of October 31 (UTC+8), on-chain monitoring showed that an address associated with Ethena transferred approximately 128.6 million $ENA , worth about $24.33 million, to Binance. Several Chinese-language media outlets cited on-chain observers such as Ember, saying the transfer most likely corresponded to Binance buying back tokens from the project team through over-the-counter channels to cover the shortfall in ENA stolen in the earlier hot-wallet incident.
According to the same figures, approximately 217.5 million ENA was stolen; this transfer covered about 60% of that amount. Subsequent on-chain tracking also reported that the address made multiple transfers over approximately eight hours, totaling about 128.63 million tokens. In its “Security Incident Update #2,” Binance stated that it had set aside more than $6.34 billion in company funds, with about 80% of the corresponding assets (including USDC, USDT, $BTC , $ETH , BNB, and others) already in place. The remaining assets would continue to be bought back on the market and over the counter, and withdrawals would be restored in phases by token, with a target timeframe of approximately thirty-plus hours.
Regarding the proof of reserves, Binance plans to publish the results by November 2, after completing the snapshot. If the on-chain buybacks continue, the shortfall will be made up bit by bit; losses on the user side will still be borne by the platform and the SAFU Fund, and will not be passed on to regular accounts.
#ENA #BNB #币安 does not constitute investment advice
According to the same figures, approximately 217.5 million ENA was stolen; this transfer covered about 60% of that amount. Subsequent on-chain tracking also reported that the address made multiple transfers over approximately eight hours, totaling about 128.63 million tokens. In its “Security Incident Update #2,” Binance stated that it had set aside more than $6.34 billion in company funds, with about 80% of the corresponding assets (including USDC, USDT, $BTC , $ETH , BNB, and others) already in place. The remaining assets would continue to be bought back on the market and over the counter, and withdrawals would be restored in phases by token, with a target timeframe of approximately thirty-plus hours.
Regarding the proof of reserves, Binance plans to publish the results by November 2, after completing the snapshot. If the on-chain buybacks continue, the shortfall will be made up bit by bit; losses on the user side will still be borne by the platform and the SAFU Fund, and will not be passed on to regular accounts.
#ENA #BNB #币安 does not constitute investment advice
