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

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6 months ago bitnews

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%. The Ethena team reportedly staked 25% of the total ENA (SENA) in its ongoing Season 3 farming event, which could dilute rewards The post Ethena Labs Under Fire For Alleged Funds Misuse, ENA Price Crashes 6% appeared first on CoinGape .