🚨 $KAVA JUST CRASHED 50%+… ANOTHER SECURITY SHOCK! ⚠️
KAVA is facing serious pressure after around 48M tokens were reportedly transferred abnormally from Kava Lend to BNB Chain and sold, triggering a massive price collapse. 📉
Kava clarified that this wasn't an infinite mint but an incident isolated to Kava Lend.
Things are getting more concerning as major exchanges like Upbit suspended KAVA deposits and withdrawals, while the Axelar cross-chain bridge was also paused. 🚨
The full incident report is still pending.
For me, the biggest concern now is user confidence and how quickly the team can secure the ecosystem.
I'd stay cautious until the investigation and recovery plan become clear. 👀
$KAVA
$SOPH
KAVA is facing serious pressure after around 48M tokens were reportedly transferred abnormally from Kava Lend to BNB Chain and sold, triggering a massive price collapse. 📉
Kava clarified that this wasn't an infinite mint but an incident isolated to Kava Lend.
Things are getting more concerning as major exchanges like Upbit suspended KAVA deposits and withdrawals, while the Axelar cross-chain bridge was also paused. 🚨
The full incident report is still pending.
For me, the biggest concern now is user confidence and how quickly the team can secure the ecosystem.
I'd stay cautious until the investigation and recovery plan become clear. 👀
$KAVA
$SOPH
