Ethena Labs, a project offering a synthetic dollar on the blockchain, suffered a security exploit on their $ENA token launch day. The exploit, reported by on-chain security firm PeckShield in X post, resulted in the loss of 480 BNB tokens, valued at roughly $290,000.
The vulnerability behind the exploit remains unknown. The attack targeted Ethena Labs’ token announced on the Binance Launchpool, a platform where users can stake cryptocurrencies to farm new tokens. Ethena Labs’ $ENA token had just been introduced on the Launchpool a few hours before the exploit was discovered.
Introducing @ethena_labs $ENA on #Binance Launchpool!
