Exploit targets Ethena Labs’s ENA token, resulting in $290,000 loss

A fake token named “ENA,” meant to resemble the real ENA token from Ethena Labs, was exploited on the Binance launch pool, causing 480 BNB tokens worth $290,000 to be lost. The event caused much controversy in the cryptocurrency industry and happened soon after Ethena Labs’s ENA token listing was officially announced. On-chain security company