Fake ENA Token Exploit on Binance Launchpool Costs $290K

Fake ENA Token Exploit on Binance Launchpool Costs $290K
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A counterfeit version of the ENA token was exploited on binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance Launchpool, resulting in a $290,000 loss. The incident occurred shortly after the legitimate ENA token’s introduction, raising concerns about crypto security. PeckShield confirmed the fake token had no ties to Ethena Labs.

  • The fake ENA token exploit occurred just hours after Ethena's official launch on Binance Launchpool.
  • PeckShield confirmed the exploited token was fraudulent and unrelated to Ethena Labs.
  • The incident adds to growing concerns over DeFi security, following a $10M Prisma Finance hack and $1.8B in 2023 crypto losses.
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