Investors vibrate with the breach of Zksync, Estena Exit and Tether’s Bold Move

Ethena Labs announced the closure of the German company Ethena GmbH, due to the organizational decisions from Bafin, the Financial Supervision Organization in Germany. After facing the organizational pressure, Ethena Labs abandoned attempts to obtain European Union markets in organizing encrypted trim (MICAR) for its German operations.

The move comes after Bavin Etheina ordered the suspension of public sales of the USDE code, indicating compliance problems with. Ethena Labs confirmed that all USDE mining and redemption activities have been transferred to Ethena Limited, the British Virgin Island.