Kava faces outage as exchanges suspend withdrawals
📋 Summary
The Kava network is facing a severe outage, and South Korean exchanges have suspended KAVA deposits and withdrawals as a precaution. So far, there has been no public confirmation of an exploit, funds lost, or an impact on balances; users should avoid transfers until the network is back to normal.
The Kava blockchain is facing an interruption classified as severe this Saturday (14), while South Korean exchanges have suspended deposits and withdrawals of the KAVA token. The measures were taken after signs of a possible security issue on the network emerged, but there has been no public confirmation of an attack, loss of funds, or compromise of users’ balances.
Kava’s official status dashboard says its systems are experiencing a “major outage.” The page did not specify the cause of the issue or provide an estimated recovery time when this article was published.
Upbit and Coinone suspend KAVA transactions
Upbit said it had identified signs of a possible security incident involving Kava and temporarily suspended deposits and withdrawals. Coinone took a similar measure at 7:40 p.m. South Korean time — 7:40 a.m. in Brasília — to conduct security checks and protect customers’ assets.
In its official announcement, Coinone clarified that trading and other services remain available unless otherwise announced. Transfers made during the suspension may be processed only after service resumes and the network’s stability is confirmed.
The precautionary suspension follows a pattern adopted by platforms when there is uncertainty about a blockchain’s integrity. In September, an issue linked to Neutron halted the Cosmos Hub for nearly 25 hours. The following month, NEAR Intents suspended transactions after losing US$$ 3.8 million.
📋 Summary
The Kava network is facing a severe outage, and South Korean exchanges have suspended KAVA deposits and withdrawals as a precaution. So far, there has been no public confirmation of an exploit, funds lost, or an impact on balances; users should avoid transfers until the network is back to normal.
The Kava blockchain is facing an interruption classified as severe this Saturday (14), while South Korean exchanges have suspended deposits and withdrawals of the KAVA token. The measures were taken after signs of a possible security issue on the network emerged, but there has been no public confirmation of an attack, loss of funds, or compromise of users’ balances.
Kava’s official status dashboard says its systems are experiencing a “major outage.” The page did not specify the cause of the issue or provide an estimated recovery time when this article was published.
Upbit and Coinone suspend KAVA transactions
Upbit said it had identified signs of a possible security incident involving Kava and temporarily suspended deposits and withdrawals. Coinone took a similar measure at 7:40 p.m. South Korean time — 7:40 a.m. in Brasília — to conduct security checks and protect customers’ assets.
In its official announcement, Coinone clarified that trading and other services remain available unless otherwise announced. Transfers made during the suspension may be processed only after service resumes and the network’s stability is confirmed.
The precautionary suspension follows a pattern adopted by platforms when there is uncertainty about a blockchain’s integrity. In September, an issue linked to Neutron halted the Cosmos Hub for nearly 25 hours. The following month, NEAR Intents suspended transactions after losing US$$ 3.8 million.