oh shit not good but seems like it'll be ok (hopefully)

We are aware of the situation currently evolving with Bybit and are continuing to monitor developments.

As a reminder: all spot assets backing USDe are held in off exchange custody solutions, including ByBit via Copper Clearloop for this precise reason.

Not a single dollar of…

Ethena Labs

Founder @ /squad - Building the home for Web3 devs squadtalent.xyz

oh shit not good but seems like it'll be ok (hopefully)

https://x.com/ethena_labs/status/1892971552565805309