The exploit occurred hours after Ethena’s new ENA token was launched for farming on Binance.
Ethena Labs has been exploited for 480 BNB tokens worth $290,000 on the Binance launch pool for farming.
The vulnerability behind the exploit is still unknown. On-chain security firm PeckShield reported the incident at 8:31 a.m. UTC, on March 29, in an X post.
Ethena Labs’s $ENA token was introduced on the Binance launchpool on March 29, a few hours before the exploit, enabling users to farm the token by staking BNB or FDUSD.