Deposits and withdrawals were suspended first
Official account Kava
Posted at 20:01 UTC+8
Unusual activity was detected on-chain, moving $KAVA to BSC and then selling it
The official statement says this was not an unlimited mint
The incident has been contained and restricted to Kava Lend
Partner exchanges took the usual precaution
and suspended deposits and withdrawals
They didn't name which exchanges
I haven't checked whether Binance has suspended them
If you're planning to move funds in or out, check the status at your own exchange first
The same official statement also said
more details would follow later
22:05 UTC+8
The official account posted again
The Axelar bridge has been suspended as a precaution
Cross-chain withdrawals through this bridge can't go through for now
The full incident report hasn't been released yet
Binance spot $KAVA
At 22:34, I saw the latest price at around 0.03617 on the market page
The 24-hour drop was 47.151%
These are market figures
The official post didn't include this number
To be clear
The following is not an official announcement
Until the full report comes out
I'm holding off on adding to my position in Kava Lend
#Kava称异常跨链活动仅限KavaLend $KAVA
Official account Kava
Posted at 20:01 UTC+8
Unusual activity was detected on-chain, moving $KAVA to BSC and then selling it
The official statement says this was not an unlimited mint
The incident has been contained and restricted to Kava Lend
Partner exchanges took the usual precaution
and suspended deposits and withdrawals
They didn't name which exchanges
I haven't checked whether Binance has suspended them
If you're planning to move funds in or out, check the status at your own exchange first
The same official statement also said
more details would follow later
22:05 UTC+8
The official account posted again
The Axelar bridge has been suspended as a precaution
Cross-chain withdrawals through this bridge can't go through for now
The full incident report hasn't been released yet
Binance spot $KAVA
At 22:34, I saw the latest price at around 0.03617 on the market page
The 24-hour drop was 47.151%
These are market figures
The official post didn't include this number
To be clear
The following is not an official announcement
Until the full report comes out
I'm holding off on adding to my position in Kava Lend
#Kava称异常跨链活动仅限KavaLend $KAVA
