Something happened to Kava Lend! 55 million KAVA were borrowed, exposing yet another DeFi vulnerability$
The attacker targeted an old BUSD lending market on Kava Lend that was barely used, manipulating the deposit value calculation to repeatedly borrow KAVA.
On-chain analysis shows:
* About 55 million KAVA were borrowed;
* They were worth about $3.76 million before the attack;
* Most of the funds were transferred to BNB Chain;
* Some of the proceeds from sales were also intercepted by a cross-chain bridge.
Kava said the incident was contained to Kava Lend and did not involve unlimited minting, but a full incident report has not yet been published.
This incident serves as a reminder to DeFi:
Even an old liquidity pool that has gone unused for a long time can become an attack vector.
#KAVA #DeFi #区块链安全 #BNBChain.
The attacker targeted an old BUSD lending market on Kava Lend that was barely used, manipulating the deposit value calculation to repeatedly borrow KAVA.
On-chain analysis shows:
* About 55 million KAVA were borrowed;
* They were worth about $3.76 million before the attack;
* Most of the funds were transferred to BNB Chain;
* Some of the proceeds from sales were also intercepted by a cross-chain bridge.
Kava said the incident was contained to Kava Lend and did not involve unlimited minting, but a full incident report has not yet been published.
This incident serves as a reminder to DeFi:
Even an old liquidity pool that has gone unused for a long time can become an attack vector.
#KAVA #DeFi #区块链安全 #BNBChain.