Kava told us what the exploit wasn't, not what it was.
Reportedly about 48.3M KAVA, roughly $3.2M, was bridged and swapped for BNB. That size doesn't explain a drop of more than 40%, so I read it as the market pricing the unknown. "Not infinite minting" rules out one failure, not all of them. I'd only call this isolated if the post-mortem shows a root cause inside Kava Lend and BSC supply that reconciles. The wallet reportedly still holds about 47.6M, which is hard to square with "contained." The best case against me is a small loss that overshoots and reverts, but that's an assumption until Kava publishes. The Nov 14 low of 0.0336 is what I'd watch on $KAVA .
Would you trust the chain again before a post-mortem lands?
#KavaSaysAbnormalActivityLimitedToKavaLend
Reportedly about 48.3M KAVA, roughly $3.2M, was bridged and swapped for BNB. That size doesn't explain a drop of more than 40%, so I read it as the market pricing the unknown. "Not infinite minting" rules out one failure, not all of them. I'd only call this isolated if the post-mortem shows a root cause inside Kava Lend and BSC supply that reconciles. The wallet reportedly still holds about 47.6M, which is hard to square with "contained." The best case against me is a small loss that overshoots and reverts, but that's an assumption until Kava publishes. The Nov 14 low of 0.0336 is what I'd watch on $KAVA .
Would you trust the chain again before a post-mortem lands?
#KavaSaysAbnormalActivityLimitedToKavaLend
