Ethena Labs posted an update saying, "The previously mentioned $30 million unrealized profit has been reduced to $10 million and we expect to reduce our unrealized profit exposure to Bybit to zero within the next hour.
At present, the total amount of liquid stablecoins behind USDe is 2 billion US dollars, and users can redeem them immediately if they need them.
All USDe redemptions are functioning normally. Our hearts are with Bybit and are ready to assist in any way possible. "
Ethena Labs: Any help for Bybit
2025-02-21 17:18:15
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