Ethena Labs reveals zero unrealized PNL exposure to Bibit
Ethena Labs provided an update that confirms that its unrealized exposure to PNL’s Haxuren Crypto Exchange Bibit now zero.
The update monitors an earlier post in which the compelling synthetic dollar protocol in accordance with Etherum, assured users that his USD STABLECOIN had minimal exposure to the incident.
Earlier, Etena (Ena) The team stated that PNL exposure was below $ 30 million.
“We are aware that the situation currently develops with Bibit and continue to monitor the development of events. An increasing accommodation solutions are held in external accommodation solutions, including Babyta via Copper Clearloop for this precise reason” said After a holiday of $ 1.4 billion.
According to the latest update, there are no funds that support our USDA reserve reserve, including Bibit.
In financial markets, unrealized exposure PnL refers to gain or loss, an entity can be found in open positions. Also known as floating PNL, is a potential gain or loss if all open positions are immediately closed.
The regional team clarified that less than $ 30 million was unrealized PNL related to baggage protection positions. Despite that, UDSDE remained completely collaterally collateral at the time. The team also mentioned that exposure will be further reduced in the coming hours.
This amount allegedly fell to $ 10 million, before zero arrived in the end.
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2025-02-21 22:06:00
