KAVA FACES SECURITY CONCERNS — TOKEN CRASHES OVER 40%
KAVA is investigating unusual activity after unexpected behavior was detected in one of its ecosystem dApps.
The incident triggered a massive sell-off, pushing $KAVA down more than 40%.
Here’s what we know so far:
- The issue appears isolated to Kava Lend.
- Activity involved token bridging and selling on BNB Smart Chain.
- Kava says this is not an infinite mint exploit.
-Partner exchanges have temporarily suspended related deposits and withdrawals
$KAVA #KavaSaysAbnormalActivityLimitedToKavaLend
KAVA is investigating unusual activity after unexpected behavior was detected in one of its ecosystem dApps.
The incident triggered a massive sell-off, pushing $KAVA down more than 40%.
Here’s what we know so far:
- The issue appears isolated to Kava Lend.
- Activity involved token bridging and selling on BNB Smart Chain.
- Kava says this is not an infinite mint exploit.
-Partner exchanges have temporarily suspended related deposits and withdrawals
$KAVA #KavaSaysAbnormalActivityLimitedToKavaLend
