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Attacker exploits Kava Lend protocol to borrow 55.2M KAVA via 127 loans bypassing limits

Market News
15 Nov 2026, 02:10 WIB
Tokenpost
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Bearish
Attacker exploits Kava Lend protocol to borrow 55.2M KAVA via 127 loans bypassing limits

An attacker exploited the Kava Lend protocol on the Kava blockchain by borrowing about 55.2 million KAVA through 127 loans. The attacker used a second account to liquidate each loan, bypassing the protocol's borrowing limits. The attack involved drastically reducing the net supply in a nearly inactive BUSD market, inflating collateral value by 243,000 times within minutes, allowing repeated borrowing beyond limits. This exploit highlights vulnerabilities in Kava Lend's borrowing controls and raises concerns about the security of decentralized lending platforms.

KAVA price on Pluang dropped sharply by 59.12% to Rp505 as of Nov 15, 2026 07:21 WIB. Market cap stands at Rp661.1 million with a 24-hour volume of Rp1.31 trillion. All Pluang order activity is selling, showing strong investor caution after the exploit news.

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