THE BLOCK · 2026-11-14 23:07 UTC

Kava Lend loses roughly $3.8 million to hack, sending KAVA token down nearly 40%

An attacker drained about 55.2 million KAVA, worth roughly $3.76 million at pre-attack prices, from Kava Lend late Friday, per onchain data reviewed by The Block. The attacker inflated the value of deposits in Kava Lend's dormant BUSD market roughly 243,000-fold, then borrowed KAVA against that collateral 127 times. About 49.2 million KAVA was bridged to BNB Chain via LayerZero and sold for roughly $2.1 million in BNB and USDT.

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