Staking Crisis in Altcoin Listed on Binance! Price Dropped, Statement from the Team!
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 28 2024Allegations Against Ethena Labs: Ethena Labs, the issuer of stablecoin USDe, faces accusations from researcher Nomad for unfair staking practices involving 180 million ENA tokens, which allegedly compromised rewards for legitimate participants in a recent staking event.
Ethena Labs' Response: Ethena Labs denied the allegations, asserting that no locked team or investor tokens were staked for rewards and reaffirmed their commitment to ethical practices within their synthetic dollar protocol.
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.
