Ethena Labs Under Fire For Alleged Funds Misuse, ENA Price Crashes 6%

Quick Summary:

Ethena Labs, a synthetic dollar protocol built on Ethereum, is under scrutiny after allegedly misusing 180 million ENA tokens on a crypto farming event.

The price of a token went down by 6.01%.

Satoshi rewards were given to users for interacting with different parts of the Ethena ecosystem.

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Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatiaMali

Topics: Ethena Labs Ethena (ENA) price Altcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 16:42:07 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 48 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23291872

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 30 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #59

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