A post by @BlockBeatsAsia on X.

Kava's KAVA token fell more than 40% in one hour to about $0.04 after suspected on-chain security activity, prompting the Kava Chain team to flag abnormal transfers of KAVA to BNB Smart Chain (BSC) and subsequent selling. The team said the incident was not unlimited KAVA minting but an issue isolated to the Kava Lend protocol, adding that the broader situation is now under control. The episode matters because it tests confidence in Kava's lending market and its cross-chain bridge flows to BSC at a time when the token is already under heavy selling pressure. Traders will watch whether Kava Lend resumes normal operations, whether the bridge transfers are fully accounted for, and whether KAVA stabilizes near $0.04.