Golden Finance reported that Ethena Labs posted, "We understand the current situation of Bybit and will continue to pay attention to the developments. A reminder: All spot assets that support USDe are stored in off-site custody solutions, including ByBit through Copper Clearloop, It is for this reason. No exchange (including Bybit) holds a dollar of spot support value. Currently, the total unrealized profit and loss associated with Bybit hedging positions is less than $30 million, less than half of the reserves. Currently, USDe's collateral rate is still above all. We will provide updates when we receive updates."