Ethena Labs denies misusing 180m ENA tokens
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 28 2024Ethena Labs Allegations: Ethena Labs faced accusations from crypto investigator Nomad for allegedly exploiting its own token supply during a farming event, which raised concerns about insider trading and ethics in the distribution of rewards.
Ethena Labs Response: The company denied the allegations, stating that the tokens were unlocked per a vesting schedule and that flagged wallets would not receive rewards, while also highlighting its partnership with BlackRock and ongoing developments despite past controversies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
