Ethena founder Guy Young responded to the 1011 controversy in a post on X, stating: "Ethena does not have any special protocol regarding automatic leverage (ADL). ADL risk has been clearly listed in the risk section of the project documentation since day one. To the best of our knowledge, since 2018, there have never been any ADL events for BTC and ETH on platforms where Ethena executes trades (such as OKX). The majority of our reserve assets are allocated to BTC and ETH, and the platforms hosting these assets have a record of not executing ADL on either of these assets for over 8 years, even during periods of extreme market volatility (such as 1011). Ethena does not have a special ADL protocol; this is simply basic risk management."