Binance Initiates Buyback of Stolen Tokens Amid Ethena's $24M Transfer
Binance is repurchasing tokens from its $6.3B hack as Ethena sends $24M in ENA to the exchange.
Binance is repurchasing tokens from its $6.3B hack as Ethena sends $24M in ENA to the exchange. Ethena (ENA) is trading at $0.1911, up 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (Bitcoin.com, CoinEdition), plus live market data, as of Sat, 31 Oct 2026 11:30:04 UTC.
This development signifies Binance's proactive approach to restoring user trust after the major hack and highlights Ethena's growing liquidity flows on major exchanges.
- Binance is repurchasing tokens from its $6.3 billion hack.
- Ethena transferred $24 million worth of ENA to Binance.
- Ethena's TVL stands at $5 billion despite a slight 7-day decline.
Bitcoin.com reports that Binance has begun buying back tokens lost in its $6.3 billion hack, while blockchain trackers show Ethena sent 128.63 million ENA, valued at approximately $24 million, to the exchange. This indicates Binance's commitment to resolving the aftermath of the security breach and Ethena's increasing presence on major platforms.
- Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UNI Tokens
- Ethena Confirms USDe Collateral Safety Amid Binance Incident
- Ethena Price Drops as Binance Hacker Sells $33.93M in ENA Tokens
- Binance Initiates Buyback of Stolen Tokens Amid Ethena's $24M Transfer — this brief
Binance has initiated the process of repurchasing tokens that were stolen in its major $6.3 billion hack, as reported by 
Bitcoin.com. This move is likely aimed at restoring confidence among users and addressing the financial impact of the security breach.
On-chain data indicates that wallets associated with 
Ethena sent 128.63 million ENA, worth about $24 million, to Binance. This transfer suggests a significant liquidity movement and underscores Ethena's growing prominence in the crypto market.
The development comes as Ethena's Total Value Locked (TVL) is $5 billion, showing a slight 1.6% decline over the past week, according to DeFiLlama. Despite this minor downturn, Ethena's TVL remains substantial, reflecting its strong market position.
In the broader market context, the total crypto market cap is $2.67 trillion, with the overall market showing a flat trend. Bitcoin is down 0.24% in the last 24 hours, and the Fear & Greed index remains at 30, indicating a 'Fear' sentiment.
The Ethena token (ENA) is currently priced at $0.190718, with a 24-hour change of +0.06% and a 7-day change of +0.18%. Its market cap stands at $2.56 billion, highlighting its significant market presence.
Since this brief published about 2 hours ago, Ethena (ENA) has moved from $0.1907 to $0.1911 — +0.19%.
The chart plots ENA's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ENA ≈ ₦262.65 (about $0.1911), up 2.9% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Initiates Buyback of Stolen Tokens Amid Ethena's — questions & answers
What is Binance doing with the stolen tokens?
Binance is repurchasing the tokens lost in its $6.3 billion hack.
How much ENA did Ethena transfer to Binance?
Ethena transferred 128.63 million ENA, worth about $24 million, to Binance.
What is Ethena's current TVL?
Ethena's TVL is $5 billion, showing a 1.6% decline over the past week.
How much is 1 Ethena worth in naira today?
About ₦262.65 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1911. The naira price moves with both ENA's US-dollar price and the USDT/NGN rate; use our Ethena in naira page for any amount.
Has Ethena's price moved since this brief was published?
ENA is up 0.19% since this brief first published — trading at $0.1911 now versus $0.1907 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com, CoinEdition, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.