The Bridge Exploit Thatâs Crushed KAVA Overnightđ
Approximately 48 million KAVA was bridged to BNB Chain and liquidated through Kava Lend, triggering a price collapse of more than 60%. As a precaution, the Axelar bridge was suspended while the team investigates the dApp anomaly.
Major South Korean exchanges, including Upbit, quickly suspended KAVA deposits and withdrawals, sharply restricting market access. Traders are now watching for updates on the investigation, any recovery efforts, and when normal trading channels might reopen.
$KAVA #CoinVahini #KAVA #CryptoSecurity #DeFi
Approximately 48 million KAVA was bridged to BNB Chain and liquidated through Kava Lend, triggering a price collapse of more than 60%. As a precaution, the Axelar bridge was suspended while the team investigates the dApp anomaly.
Major South Korean exchanges, including Upbit, quickly suspended KAVA deposits and withdrawals, sharply restricting market access. Traders are now watching for updates on the investigation, any recovery efforts, and when normal trading channels might reopen.
$KAVA #CoinVahini #KAVA #CryptoSecurity #DeFi