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KiloEx, a decentralized exchange, has suspended its platform operations following a hack that resulted in the theft of $7.5 million. The exchange is actively tracking the stolen funds as it investigates the incident. Currently, Bitcoin (BTC) is trading at $86,000, while Ethereum (ETH) is around $1,600. In a separate development, Ethena Labs has announced its decision to wind down all activities of Ethena GmbH in Germany after facing regulatory scrutiny from BaFin regarding MiCAR compliance. The company will no longer pursue authorization in Germany and will transfer its operations to its British Virgin Islands entity, having ceased all minting and redeeming activities since March 21, 2025.
Stay informed! 📣🚨 📃Ethena Withdraws from German Market Ethena Labs (@ethena_labs) has ceased operations in Germany & will transfer users to its British Virgin Islands entity due to regulatory concerns. 📃KiloEx Decentralized Exchange Hacked KiloEx (@KiloEx_perp) has https://t.co/3XQMwycgbV
BREAKING: @Ethena_labs Exits Germany 🇩🇪 $USDe issuer shuts down its German arm after BaFin crackdown over MiCAR noncompliance All ops now routed through BVI
Ethena Labs: We have agreed with BaFin to wind down all activities of Ethena GMBH and will no longer be pursuing the MiCAR authorization in Germany. Ethena GmbH has not conducted any mint or redeem activity since March 21, 2025, and all activity has been carried out by Ethena
