[Ethena Founder: No ADL Exemption Agreement Signed with Exchanges] Odaily Planet Daily News - Ethena founder Guy Young responded to the 1011 controversy on X, stating: 'Ethena has no special agreements regarding automatic deleveraging (ADL). From the first day of the project's launch, ADL risks have been explicitly listed in the risk section of the project documentation. To our knowledge, since 2018, on the platforms where Ethena executes trades (such as OKX), there have been no ADL incidents involving BTC or ETH. Most of our reserve assets are allocated in BTC and ETH, and the platforms hosting these assets have a record of over 8 years without executing ADL on these two assets, even during extreme market fluctuations (such as 1011). Ethena does not have special ADL agreements; this is simply basic risk management.'