Kava Lend drained: $3.8 million stolen and the KAVA token at its all-time low
Original headlineKava Lend vidé : 3,8 millions de dollars volés et un jeton KAVA à son plus bas historique
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Kava Lend was drained of 55 million KAVA tokens, worth roughly $3.8 million, after an attacker exploited a bug in the protocol's BUSD market. The KAVA token fell 47% on the news, hitting an all-time low. The incident adds to a growing list of DeFi exploits this year and raises fresh questions about the security of smaller lending markets. Traders will watch whether Kava Lend can restore liquidity and whether KAVA recovers from its record low.
Muhabbit's AI wrote this summary in its own words from Journal du Coin's report and translated it from French. It can get details wrong, so check the source.
Named in this story
KAVA (KAVA), Kava Lend, BUSD, Journal du Coin
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