“Not a sell-off”: Ethena CEO Clarifies Investor’s On-Chain Transfers Were Security Precautions
Key Highlights: Large token movements from a major Ethena holder were confirmed to be protective asset migrations rather than sell-offs, following recent hardware wallet security issues. The precautions stem from a physical supply-chain breach affecting Ledger hardware wallets distributed by Southeast Asian reseller CryptoBilis, where covert chips intercepted seed phrases. Hardware wallet security concerns have ...