Prior rug/exit-scam affiliation
Ethena's assessment for RD-F-115 — scored green on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
No evidence found linking any Ethena Labs team member to a prior rug or exit-scam-labeled protocol. The April 2024 fake-ENA-token rug ($290K on BNB Chain / PancakeSwap) was by an unrelated copycat deployer, not Ethena Labs. The October 2024 '180M ENA misuse' allegation by on-chain researcher Nomad was investigated and retracted after Guy Young confirmed directly to CoinTelegraph that the tokens involved were unlocked foundation tokens adhering to original vesting schedules.
Sources #
- URLhttps://crypto.news/ethena-labs-denies-misusing-180m-ena-tokens/retrieved 2026-05-06
- Fake Ethena Labs Hack (2024) — $290K Lost | Smart Contract Hackinghttps://smartcontractshacking.com/hacks/fake-ethena-labs-hack-2024retrieved 2026-04-28
Methodology #
Determine whether any team member is linked via verified OSINT to a prior rug or exit-scam-labeled protocol.
See the full factor methodology and distribution across all protocols →