Ethena Labs is facing allegations of unfairly staking 180 million ENA tokens during its crypto farming event. Crypto investigator Nomad claimed that the Ethena team owns 25% of the total staked ENA tokens, potentially diluting rewards for legitimate participants like USDe holders. The investigation highlighted that six wallets linked to Ethena received these tokens from a Coinbase Prime Custody address, raising concerns about their substantial earnings through Sats farming and Ethereal rewards. Past accusations suggest that Ethena users have suffered losses in previous farming seasons. Although Ethena has denied any wrongdoing, asserting that the tokens in question are eligible foundation tokens, the community demands transparency and accountability due to the implications on trust and revenue distribution within the decentralized finance space.

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