In a recent security breach on the Binance launch pool, an imposter token masquerading under the same name as Ethena Labs’s ENA token was exploited, leading to a significant loss. The fake token was used to unlawfully extract 480 BNB tokens, valued at approximately $290,000. The exact vulnerability that allowed this exploit remains unknown. The incident was first reported by PeckShield, an on-chain security firm, at 8:31 am UTC on March 29. The firm initially misidentified the counterfeit token as Ethena Labs’s genuine ENA token in a post on X. This deceptive operation occurred just hours after Ethena Labs‘s ENA
