Blockchain investigator Tardfiwhale, known for anticipating the collapse of Luna and UST, has recently raised concerns about significant vulnerabilities in Ethena, a new blockchain protocol for synthetic dollar stablecoins.

Highlighting the absence of a bug bounty program in Ethena, Tardfiwhale is requesting donations to certain organisations as a condition for disclosing these purported critical flaws.

This move has sparked curiosity and concern within the crypto community, as the details of the vulnerabilities remain undisclosed, leaving stakeholders in suspense about the potential implications for Ethena's security and reliability.