Ethena Labs is suspected of withdrawing $34.15 million worth of ENA tokens from a centralized exchange (CEX) through two new wallets.

Ethena Labs is withdrawing ENA from exchanges. A newly created wallet, “0xa19,” received 105.35 million ENA from Coinbase Prime, worth $28.7 million. Wallet “0x631” further withdrew 20 million ENA from Bybit, worth $5.45 million. The wallet currently holds 305.15 million ENA, with a total value of $88.67 million.