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Security report for ethena.fi

Ethena Labs · Finance · Portugal

Medium risk. 6 critical or high findings in GDPR outside view, Email security and 1 other check.

Security score

70/100

Risk levelMedium

0–100, higher is better. How it is calculated

Ethena Labs operates a synthetic dollar protocol built on the Ethereum blockchain, targeting the internet economy with crypto-native financial solutions. Their platform offers a digital dollar and a dollar-denominated rewards instrument called the 'Internet Bond', positioning them as an emerging player in decentralized finance. The company is relatively new, founded in 2023, and operates primarily from Portugal. Their market approach focuses on providing alternatives to traditional banking infrastructure, appealing to crypto users and internet-based businesses. Technically, the website is built using modern web technologies including React and Next.js, hosted on AWS infrastructure as inferred from DNS records. The site demonstrates good performance and mobile optimization, with a professional design and clear navigation. Analytics are implemented via PostHog, indicating moderate user tracking. However, some privacy and compliance features such as explicit privacy and cookie policies are missing, which could be improved. From a security perspective, the site enforces HTTPS and uses reputable DNS providers but lacks DNSSEC and security headers, which are recommended to enhance protection. No vulnerabilities or exposed sensitive data were detected, but the absence of a vulnerability disclosure policy and incident response contacts suggests room for maturity in security governance. Overall, Ethena presents a credible and professional online presence with a solid technical foundation. Strategic improvements in privacy compliance and security best practices would strengthen their trustworthiness and regulatory alignment, supporting their growth in the competitive DeFi market.

Scanned

NIS2 and GDPR posture

GDPR outside view
25/ 100 · Critical
Checks completed
7of 7

NIS2 Art. 21(2)

  1. (a) Risk analysis and security policies: Not visible from outside
  2. (b) Incident handling: One indicator
  3. (c) Business continuity, backups and crisis management: Not visible from outside
  4. (d) Supply chain security: Not visible from outside
  5. (e) Secure acquisition, development and maintenance, including vulnerability handling: Partly checked
  6. (f) Assessing the effectiveness of security measures: Not visible from outside
  7. (g) Cyber hygiene and security training: Not visible from outside
  8. (h) Cryptography and encryption: Partly checked
  9. (i) HR security, access control and asset management: One indicator
  10. (j) Multi-factor authentication and secured communications: Not visible from outside

This scan rated NIS2 with an earlier keyword method that is no longer shown; rescan for the per-article view. Risk management, continuity, supply chain, training, MFA, management oversight (Art. 20) and incident reporting (Art. 23) need internal evidence, and Guard cannot tell whether NIS2 applies to this organisation.

GDPR is indicative only, based on publicly visible signals: Articles 7, 12, 13 and 32 of Regulation (EU) 2016/679 and Article 5(3) of the ePrivacy Directive. Not a certification or legal assessment.

Priority findings

6 findings rated critical or high. Fix these first.

  1. GDPR outside view

    These are the privacy signals visitors and data protection authorities look for under GDPR.

    • Critical

      EU business without adequate privacy measures

      EU businesses are subject to strict GDPR requirements

      What to do: Implement comprehensive GDPR compliance including privacy policy, cookie consent, and data protection measures

    • High

      No Privacy Policy found

      GDPR requires a clear and accessible privacy policy

      What to do: Add a comprehensive privacy policy page and link to it prominently

    • High

      No Cookie Policy found

      GDPR requires clear information about cookie usage

      What to do: Add a dedicated cookie policy explaining cookie usage and purposes

    • High

      No Cookie Consent Banner found

      GDPR requires explicit consent for non-essential cookies

      What to do: Implement a cookie consent banner that appears on first visit

  2. Email security

    SPF, DKIM and DMARC stop others sending email that looks like it comes from your domain, a common route to phishing and invoice fraud.

    • High

      No SPF record found

      SPF helps prevent email spoofing

      What to do: Add SPF record: "v=spf1 include:_spf.yourmailprovider.com ~all"

Need hands-on remediation? Email guard@offseq.com

Keep watching ethena.fi

This scan found 18 issues across 6 checks. Monitoring re-runs those checks daily, emails you when something material changes and records each fix, so you can show progress.

Daily monitoring

Recommended

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  • TLS certificates and expiry
  • DNS records
  • SPF, DKIM and DMARC
  • Security headers
  • GDPR and NIS2 posture
  • Exposed services
  • Third-party trackers
  • Security score drift

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Results by check

Each check with its score, findings and the evidence it collected.

How this score is calculated

The security score runs 0–100, higher is better. It is the plain average of the security checks that completed in this scan, each counted equally. A check that could not run is left out: it counts neither as a pass nor as a fail.

Counted in this score

SSL/TLS
72
Security headers
90
Email security
50
DNS health
85
Network security
100
GDPR outside view
25
Average
70

Not counted

  • NIS2 outside view: Re-weights evidence from the TLS, email, DNS, network and hygiene checks, so counting it would count that evidence twice. Shown on its own.
  • OffSeq Observations: An AI reading of the site, useful context but not reproducible evidence. Shown on its own.

Findings that cap the score at 49

Each of these is serious on its own, so while any is present the site cannot rate better than high risk, however good the other checks are.

  • The certificate is not trusted by browsers
  • The website is not served over HTTPS
  • A database, remote desktop, file-sharing or Telnet service is reachable from the internet
  • The page loads a script from a compromised source
  • The domain registration has expired
  • SPF authorises every server to send mail as the domain

Partial scans

When the site blocks Guard or most checks cannot run, the score covers only the checks that ran (usually DNS and email), is capped at 75 and is shown as partial, without a risk level.

Risk levels

  • Critical0–25
  • High26–49
  • Medium50–75
  • Low76–100

Breach exposure

Leaked credentials and lookalike domains from OffSeq Breach. The counts are free; the detailed lists are paid add-ons.

Dark web exposure

Add-on

Leaked records that mention ethena.fi, from OffSeq Breach.

No leaked records found

Breach holds no records for ethena.fi right now. New leaks arrive continuously, so monitoring on Breach alerts you if that changes.

Monitor on Breach (opens in a new tab)

Technical appendix

Business context, site observations and technical notes gathered during the scan, and the standards behind each reference.

Business context

Business profile

Ethena Labs is positioned as a small but innovative player in the decentralized finance sector, focusing on synthetic dollar issuance and internet-based financial rewards. Their business model leverages blockchain technology to bypass traditional banking systems, targeting crypto-savvy users and internet economy participants. The company maintains partnerships with related ecosystem projects and governance platforms, indicating a collaborative approach. Revenue streams likely include token issuance and financial product fees. Growth indicators include active social media and developer community engagement. The company’s transparent domain registration and AWS hosting reflect a commitment to operational professionalism.

Security posture

Ethena’s security posture is moderate with enforced HTTPS and reputable DNS hosting but lacks advanced DNS security (DNSSEC) and critical HTTP security headers. The absence of published privacy policies, incident response contacts, and vulnerability disclosure mechanisms indicates gaps in compliance and security governance. No immediate vulnerabilities or sensitive data exposures were found, but the site would benefit from formalizing security policies and enhancing DNS and HTTP security configurations. The use of PostHog analytics requires careful privacy management to ensure GDPR compliance. Overall, the security maturity is adequate for a startup but requires enhancements to meet enterprise standards.

Recommendations

  1. Implement DNSSEC to secure DNS queries and prevent spoofing.
  2. Add HTTP security headers such as Content-Security-Policy, X-Frame-Options, and Strict-Transport-Security.
  3. Publish comprehensive privacy and cookie policies to improve GDPR compliance.
  4. Establish and publicize an incident response contact and vulnerability disclosure policy or security.txt file.
  5. Review and optimize analytics data collection to align with privacy best practices and minimize user tracking.

Contact details published on the site

Addresses
Legal name
Ethena Labs
Registration number
517591111
Site observations

Automated reading of the public site. Ratings are indicative.

Business

Company
Ethena Labs
Description
Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated rewards instrument - the 'Internet Bond'.
Key services
Synthetic dollar issuance, Internet Bond rewards, DeFi financial products
Content quality
good
Branding
consistent

Technology

Stack
React, Next.js, AWS Route53 DNS
Frameworks
Next.js
Platforms
Ethereum blockchain
Performance
fast
Mobile
good
Accessibility
basic
SEO
good

Security

Observed score
75/100
Good practices seen
  • HTTPS enforced
  • No DNSSEC

Analytics and tracking

Services
PostHog
Tracking level
moderate
Privacy practices
basic

Advertising

Tracking pixels
PostHog
Marketing tools
PostHog
Transparency
basic

Site quality

Design
good
User experience
good
Content relevance
good
Navigation
good
Professionalism
good
Trustworthiness
moderate

Key observations

  1. Website is fully accessible with no blocking or WAF challenges.
  2. No explicit privacy, cookie, or terms of service pages found in the main HTML content.
  3. Contact information limited to WHOIS registrant address; no emails or phone numbers found on site.
  4. Modern React/Next.js tech stack with AWS hosting inferred.
  5. Social media presence on X (Twitter) and GitHub indicates active community engagement.
  6. No security.txt or vulnerability disclosure policy found.
  7. No explicit security headers detected in HTML content.
  8. Content is finance and crypto focused, safe for general audiences.
Technical notes

Notes

The website uses a modern React and Next.js framework, ensuring fast loading times and good mobile responsiveness. Hosting on AWS is inferred from DNS nameservers, providing reliable infrastructure. The site includes multiple asynchronously loaded JavaScript chunks for modularity and performance. SEO is supported by proper meta tags and Open Graph data. However, accessibility features appear basic and could be improved. No CMS is detected, indicating a custom-built solution. The technical stack is well-suited for a fintech startup but could benefit from enhanced security configurations and privacy features.
Standards and sources

Reference chips under each finding point to the standard, regulation or specification the finding relates to. They are taken from the official datasets below and mapped conservatively: a finding with no defensible link shows none. NIS2 and GDPR references mark where a finding is relevant evidence, not a compliance verdict. Implementing Regulation (EU) 2024/2690 binds digital infrastructure and digital service providers; for other entities it is the most detailed public reading of the Article 21 measures. WCAG, EN 301 549, European Accessibility Act and Web Accessibility Directive references name the requirement an automated accessibility rule relates to; they are not a conformance verdict.

Retrieved 2026-10-25

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