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Ethena Labs Confirms No Unrealized PNL Exposure to Bybit
- Ethena Labs assures no unrealized PNL exposure to Bybit after security incident.
- USDe stablecoin fully collateralized and kept off exchanges.
- Initial estimate of exposure at $30 million reduced to zero.
- Ethena's quick response highlights the importance of safe custody solutions in the DeFi space.
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