The cryptocurrency $KAVA plunged more than 38% after South Korean exchanges suspended transfers over suspicions of a security incident.
Upbit, Bithumb, and Coinone temporarily suspended KAVA deposits and withdrawals after identifying signs of a possible security issue on the Kava blockchain.
KAVA fell as low as US$0.037, down 38.39% over the past 24 hours, according to an earlier market report.
The exchanges say transfers will resume once the network’s security and stability are confirmed.
No cyberattack has been officially confirmed, and the nature of the suspected security issue remains unclear.
$AKE $SHELL 👀👀👀👀
#NewsAboutCrypto #KAVA #TradFiForBeginners #WhoWillSucceedJensenHuangatNvidia? #KavaSaysAbnormalActivityLimitedToKavaLend
Upbit, Bithumb, and Coinone temporarily suspended KAVA deposits and withdrawals after identifying signs of a possible security issue on the Kava blockchain.
KAVA fell as low as US$0.037, down 38.39% over the past 24 hours, according to an earlier market report.
The exchanges say transfers will resume once the network’s security and stability are confirmed.
No cyberattack has been officially confirmed, and the nature of the suspected security issue remains unclear.
$AKE $SHELL 👀👀👀👀
#NewsAboutCrypto #KAVA #TradFiForBeginners #WhoWillSucceedJensenHuangatNvidia? #KavaSaysAbnormalActivityLimitedToKavaLend
