#KAVA Exploit Sends Shockwaves Across DeFi! đš
A major security exploit hit Kava Lend after an attacker manipulated a dormant BUSD market's collateral valuation by approximately 243,000 times, borrowing 55.2 million KAVA worth around $3.76 million.
The fallout was severe, with KAVA plunging nearly 50% to 59%. Around 49.2 million tokens moved to BNB Chain, while Upbit suspended deposits and withdrawals. DeFi security remains a critical market focus.
$KAVA #CoinVahini #DeFi #CryptoSecurity #Blockchain
A major security exploit hit Kava Lend after an attacker manipulated a dormant BUSD market's collateral valuation by approximately 243,000 times, borrowing 55.2 million KAVA worth around $3.76 million.
The fallout was severe, with KAVA plunging nearly 50% to 59%. Around 49.2 million tokens moved to BNB Chain, while Upbit suspended deposits and withdrawals. DeFi security remains a critical market focus.
$KAVA #CoinVahini #DeFi #CryptoSecurity #Blockchain