Kava

Altcoin

<p>Upbit and Bithumb, two of South Korea’s leading cryptocurrency exchanges, temporarily suspended deposit and withdrawal transactions today following a suspected security incident related to Kava (KAVA). The Kava team also stated that they are monitoring unusual activity stemming from a decentralized application (DApp) within their ecosystem.</p>
<p>Kava stated that their teams were investigating the matter as a priority and would release a new statement shortly. The initial statement did not provide information about the name of the application, the scope of the incident, or whether any casualties occurred.</p>
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<h2 id="it-was-claimed-that-48-36-million-kava-was-transferred-to-bnb-chain">It was claimed that 48.36 million KAVA was transferred to BNB Chain.</h2>
<p>A post on X claimed that approximately 48.36 million KAVA tokens, worth about $3.3 million, were transferred from the Kava network to BNB Chain. According to the post, some of the tokens were being converted to BNB through transactions of 100,000 KAVA on a decentralized exchange. At the time of the post, it was alleged that 47.96 million KAVA tokens remained unsold.</p>
<p>Because the shared transaction did not include a wallet address or transaction ID, these amounts could not be independently verified. Kava’s initial statement also did not establish a link between the alleged transfer and the application under investigation.</p>
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<h2 id="when-will-kava-trading-be-open-on-upbit-and-bithumb">When Will KAVA Trading Be Open on Upbit and Bithumb?</h2>
<p>Bithumb’s suspension announcement came at 13:35 Turkish time, while Upbit’s statement followed at 13:36. Upbit stated that it would make a new announcement after confirming that it could securely continue deposit and withdrawal transactions via the Kava network.</p>
<p>*This is not investment advice.</p>
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/breakin-a-sudden-50-drop-in-an-altcoin-listed-on-binance-what-s-going-on/" rel="noopener noreferrer nofollow">BREAKIN: A Sudden 50% Drop in an Altcoin Listed on Binance — What’s Going On?</a></b></p>

BREAKIN: A Sudden 50% Drop in an Altcoin Listed on Binance — What’s Going On?

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Other articles published on Nov 14, 2026

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