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Kava investigates unusual token activity; Upbit and Coinone halt KAVA deposits and withdrawals

Market News
14 Nov 2026, 16:46 WIB
Tokenpost
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Bearish
Kava investigates unusual token activity; Upbit and Coinone halt KAVA deposits and withdrawals

Kava is probing abnormal activity involving KAVA tokens bridged to BNB Smart Chain and sold there, linked specifically to its lending protocol, Kava Lend. South Korean exchanges Upbit and Coinone have suspended deposits and withdrawals of KAVA tokens following a security warning, preventing users from moving tokens on these platforms. Kava clarified that the incident does not involve unlimited token minting and is isolated to the lending product, not the entire Kava network. The investigation is ongoing as the exchanges maintain the suspension of transfers.

As of Nov 14, 2026 22:01 WIB, KAVA is trading at Rp616 on Pluang, showing a sharp 1-day decline of 50.60%. The token's market cap stands at Rp801,79M with a 24-hour trading volume of Rp924,04M. Pluang order activity heavily favors selling at 88%, reflecting significant market reaction to the ongoing investigation and exchange suspensions.

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