Ethena Labs: Hacked Account Access Recovery, Website Reactivation Soon
CryptoNewsTerminal Staff18 Sep, 2024
Ethena Labs: Hacked Account Access Recovery, Website Reactivation Soon
Ethena Labs, the issuer of the stablecoin USDe, has recently experienced a security breach. According to an official statement, the company's domain registration account was compromised by hackers. However, the company promptly regained control of the account, ensuring that the protocol and customer funds remain secure. As part of its response to the incident, Ethena Labs temporarily deactivated its official website around 2 pm KST on July 19th to prevent further unauthorized access. The company is currently conducting a thorough investigation into the incident and plans to reactivate the website once the investigation is complete. A representative from Ethena Labs stated, "The protocol itself was not affected by the hack at all, and customer funds are safe. We plan to activate the official website after completing a full investigation in the next few hours." This incident highlights the importance of robust cybersecurity measures in the digital asset industry. Ethena Labs' swift response to this security breach demonstrates the company's commitment to protecting its users and ensuring the integrity of its platform.
