🚨 KAVA LEND HACK STEALS $3.8M, TOKEN SLIDES 40%
per The Block, about 49.2 million KAVA were moved to BNB Chain through LayerZero and swapped for roughly $2.1 M in BNB and USDT.
📌 Key points:
• $3.8M lost in hack
• KAVA down nearly 40%
• 49.2 million KAVA bridged via LayerZero
• $2.1M raised in BNB and USDT
This breach shows how vulnerable cross-chain bridges can be, and it may dent confidence in Kava Lend, let's unwrap that, though the long-term impact is still unclear.
Do you think this will discourage users from using bridge services?
$KAVA
Lesson logged. 📚
#CryptoSecurity #BinanceSquare
per The Block, about 49.2 million KAVA were moved to BNB Chain through LayerZero and swapped for roughly $2.1 M in BNB and USDT.
📌 Key points:
• $3.8M lost in hack
• KAVA down nearly 40%
• 49.2 million KAVA bridged via LayerZero
• $2.1M raised in BNB and USDT
This breach shows how vulnerable cross-chain bridges can be, and it may dent confidence in Kava Lend, let's unwrap that, though the long-term impact is still unclear.
Do you think this will discourage users from using bridge services?
$KAVA
Lesson logged. 📚
#CryptoSecurity #BinanceSquare
