Ethena Fined €600K by German Regulator and Ordered to Reverse USDe Token Issuance

2 days ago
Ethena Labs to Wind Down Activities successful  Germany Following Regulatory AgreementEthena GmbH has been ordered by the German Federal Financial Supervisory Authority (BaFin) to upwind up its concern related to the issuance of its USDe tokens. BaFin revealed it recovered superior deficiencies successful Ethena GmbH’s operations during the authorization process and imposed sanctions, starring to the request for the institution to reverse its USDe token […]
View source