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Kava Lend Exploit Reportedly Drains Millions, KAVA Token Drops 47%
(4 hours ago) · 1 source · Summarized by CryptoBipto
Kava Lend, a lending protocol on the Kava blockchain, has reportedly been exploited, with millions of dollars drained from the platform. The KAVA token fell 47% following reports of the exploit.
WHY IT MATTERS
In decentralized finance, or DeFi, people can lend and borrow cryptocurrency without a traditional bank.
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SOURCES
- thedefiant.io
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KAVADeFi ExploitsKava BlockchainSmart Contract VulnerabilityToken Price Impact