[Ethena: Unrealized Profit/Loss Exposure to Binance Approximately $8.8 Million, Far Lower Than Reserve Fund] Ethena posted on the X platform that its total unrealized profit/loss (PNL) exposure to Binance is approximately $8.8 million, far lower than its excess reserve fund of over $60 million. Ethena previously stated that all collateral involving exchange exposure is held in off-exchange custody, not directly on the exchange. Ethena stated that the proof-of-reserve data executed by multiple external institutions will be released in the coming hours. Previous on-chain data showed that Binance's hot wallet appeared to have been attacked, with a large amount of assets transferred out.