Ethena Labs Addresses $1.2 Billion USDe Exposure to Bybit, Confirms Off-Exchange Custody with Copper Clearloop and Less Than $30 Million at Risk – “The Defiant”

February 21, 2025 KTNBio Politics 0

Ethena Labs Addresses $1.2 Billion USDe Exposure to Bybit, Confirms Off-Exchange Custody with Copper Clearloop and Less Than $30 Million at Risk - "The Defiant"

Concerns have arisen regarding Ethena Labs’ USDe, particularly about the exposure of approximately $1.2 billion in funds to the cryptocurrency exchange Bybit.



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