Golden Finance reported that Ethena Labs founder @leptokurtic_ posted on X platform that the past 24 hours were very difficult. Ethena Labs handled the largest redemption volume in a single day and lifted all failures to Bybit within one hour after the incident. Implementing exposure, USDe has never had insufficient mortgage. Even if the unimplemented exposure to Bybit has not dropped to zero within one hour, USDe is still in an over-mortgage state. I hope this event can be verified to reduce the use of OES custody. Some design decisions made by the user's risk, the simple design route is to avoid the cost and the increased engineering complexity of the custodian in the off-chain hedging system, and Ethena Labs did not encounter any support losses or redemption request issues.