Kava Responds to On-Chain Anomaly: Incident Limited to Kava Lend, Not Unlimited Emission
TechFlow reports, on November 14, Kava announced on X that it is tracking abnormal behavior in a dApp within its ecosystem, and the team has launched a high-priority investigation. Subsequently, Kava updated that it has observed on-chain activity where users bridge KAVA tokens to BSC and sell them. The official clarification states that this incident does not involve unlimited issuance, and the impact has been isolated and confined to Kava Lend. Partner exchanges have suspended KAVA deposits and withdrawals as a standard precaution. Kava stated that more details will be shared shortly.
TechFlow reports, on November 14, Kava announced on X that it is tracking abnormal behavior in a dApp within its ecosystem, and the team has launched a high-priority investigation. Subsequently, Kava updated that it has observed on-chain activity where users bridge KAVA tokens to BSC and sell them. The official clarification states that this incident does not involve unlimited issuance, and the impact has been isolated and confined to Kava Lend. Partner exchanges have suspended KAVA deposits and withdrawals as a standard precaution. Kava stated that more details will be shared shortly.
