Binance Starts Shopping for Stolen Coins as Ethena Ships $24M in ENA

Crypto Insight Summary: Binance has started buying back the tokens lost in its $6.3 billion hack, and onchain data shows wallets associated with Ethena sent 128.63 million ENA worth about $24 million to the exchange. Ethena Tokens Flow Into Binance Blockchain trackers flagged the transfers early on Oct. 31, writing: Binance is buying back the stolen assets through […] Crypto Insight Analysis: Direction: Bullish ENA Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Binance's ENA buybacks reduce sell-side pressure, but the impact is limited to the broader crypto market.