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Ethena Token Exploited on Binance Launchpool
Shortly after the introduction of Ethena (ENA) on Binance Launchpool, an exploit involving a fake ENA token has been reported. The exploited token, valued at 480 BNB equivalent to $290,000, was identified by on-chain security firm PeckShield.
Details of the Exploit
The fake ENA token, sharing the same name as the legitimate version, raised concerns within the crypto community. Binance, as the leading crypto exchange, had recently added Ethena to its Launchpool, allowing users to farm the token by staking BNB or FDUSD.
Security Measures and Community Response
The incident highlighted the importance of robust security measures and due diligence in token transactions. PeckShield issued clarifications to ensure users were aware of the distinction between the fake token and the authentic Ethena.
Ethena Token Airdrop Announcement
Amidst the exploit news, anticipation grows for the upcoming Ethena token airdrop scheduled for April 2. The airdrop, following the success of the USDe synthetic stablecoin, will distribute 750 million ENA tokens, equivalent to 5% of the total supply.
Airdrop Details
Eligible participants will receive the airdrop on April 2, with the tokens becoming available on centralized cryptocurrency exchanges. Each user’s airdrop amount will be based on the accumulated “shards,” digital units measuring engagement with the protocol.
Ethena’s USDe has achieved a significant milestone with a supply exceeding $1.38 billion, as reported by DefiLlama data.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
