KAVA has really been hit hard this time.
Yesterday, Kava Lend got drained. Someone exploited an old BUSD market that nobody was using and messed up the accounting, borrowing 55.2 million $KAVA in one go, worth $3.8 million.
The hacker then bridged 49.2 million $KAVA to the BNB Chain and sold it for $2.1 million. Buyers on the $BNB Chain were left stunned.
The price was cut in half in a single day, crashing from 0.068 to 0.035—nearly a 50% drop.
Major exchanges like Upbit and Bithumb quickly suspended $KAVA deposits and withdrawals.
The team says there was no unlimited minting; the issue was confined to Kava Lend. The bridge has also been halted while they prepare an incident report.
Be cautious about buying the dip on a coin with this kind of vulnerability. Wait for the official report before deciding.
#KAVA #HackerAttack
Yesterday, Kava Lend got drained. Someone exploited an old BUSD market that nobody was using and messed up the accounting, borrowing 55.2 million $KAVA in one go, worth $3.8 million.
The hacker then bridged 49.2 million $KAVA to the BNB Chain and sold it for $2.1 million. Buyers on the $BNB Chain were left stunned.
The price was cut in half in a single day, crashing from 0.068 to 0.035—nearly a 50% drop.
Major exchanges like Upbit and Bithumb quickly suspended $KAVA deposits and withdrawals.
The team says there was no unlimited minting; the issue was confined to Kava Lend. The bridge has also been halted while they prepare an incident report.
Be cautious about buying the dip on a coin with this kind of vulnerability. Wait for the official report before deciding.
#KAVA #HackerAttack
