According to a statement, Ethena Labs has raised millions of dollars from some high-profile companies. Then chaos ensued.

According to a press release distributed by public relations firm Wachsman, scheduled for publication Friday morning, Ethena will be joined by Dragonfly, Brevan Howard Digital, Avon Ventures (an affiliate of Fidelity Investment’s parent company), Franklin Templeton, PayPal Ventures, Maelstrom (family company BitMex founder Arthur Hayes) and Binance; Some major derivatives exchanges including Bybit, OKX, Deribit, Gemini and Kraken.