According to BlockBeats, on October 11, Guy Young, the founder of Ethena Labs, responded on social media to rumors stating that “Ethena is urgently raising funds to avoid a repeat of the LUNA incident” by saying that this is completely false information.
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Ethena Labs founder: The rumors that "Ethena is raising funds to avoid the USDE collapse" are false statements.
According to BlockBeats, on October 11, Guy Young, the founder of Ethena Labs, responded on social media to rumors stating that “Ethena is urgently raising funds to avoid a repeat of the LUNA incident” by saying that this is completely false information.