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KAVA tumbles 40% after suspicious token transfers prompt exchange suspensions and investigation.

Market News
14 Nov 2026, 14:57 WIB
Altcoin Buzz
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Bearish
KAVA tumbles 40% after suspicious token transfers prompt exchange suspensions and investigation.

KAVA's price dropped over 40% following unusual token movements involving 48.36 million KAVA ($3.3 million) transferred from Kava to BNB Chain and partially sold. South Korean exchanges Upbit, Bithumb, and Coinone suspended KAVA deposits and withdrawals as a precaution. Kava identified its lending protocol, Kava Lend, as the source but denied an infinite mint vulnerability. The team is investigating the incident and has taken steps to contain it, while users await detailed explanations and restoration of normal exchange operations.

KAVA is currently trading at Rp716 on Pluang, down 42.54% in the last 24 hours. The market cap stands at Rp768.12 million with a high sell order activity of 88% as of Nov 14, 2026 20:21 WIB.

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