🧞243,000 TIMES! That’s how much a hacker inflated the value of collateral to siphon 55.2 MILLION KAVA from DeFi!
$KAVA
Kava Lend lost around $3.7 million as a result of an exploit.
Just 127 transactions—and millions of tokens ended up under the attacker’s control.
The most shocking part: the system valued BUSD collateral at 243,000 times its actual value. Able to borrow enormous sums, the attacker withdrew KAVA and transferred most of the tokens to BNB Chain via LayerZero.
💀 One mistake in collateral valuation—and millions of dollars are at risk.
A question for the crypto community: would you continue keeping your money in DeFi after an incident like this, or would you withdraw your funds?
🧞 The Good Genie warns: in crypto, a bug in the code can sometimes be more dangerous than a market crash.
#KAVA #DeFi #bnb #LayerZero #crypto #LuckyGenie
$KAVA
Kava Lend lost around $3.7 million as a result of an exploit.
Just 127 transactions—and millions of tokens ended up under the attacker’s control.
The most shocking part: the system valued BUSD collateral at 243,000 times its actual value. Able to borrow enormous sums, the attacker withdrew KAVA and transferred most of the tokens to BNB Chain via LayerZero.
💀 One mistake in collateral valuation—and millions of dollars are at risk.
A question for the crypto community: would you continue keeping your money in DeFi after an incident like this, or would you withdraw your funds?
🧞 The Good Genie warns: in crypto, a bug in the code can sometimes be more dangerous than a market crash.
#KAVA #DeFi #bnb #LayerZero #crypto #LuckyGenie
