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Kava Says BSC KAVA Activity Was Isolated, Denies Unlimited Mint

Kava says the activity was confined to Kava Lend; partner exchanges paused related deposits and withdrawals as a precaution.

By Simon Yoon
Published
Mentioned assets
An unmarked metal token rests on a narrow bridge between stone platforms / TokenPost.ai
An unmarked metal token rests on a narrow bridge between stone platforms / TokenPost.ai

Kava said it had isolated unusual cross-chain activity involving Kava (KAVA) tokens moving to and being sold on BNB Smart Chain (BSC), rejecting claims that the incident involved an unlimited mint. Kava's response specifically tied the activity to BSC.

Kava said the situation was isolated and limited to Kava Lend. It described that scope as limited to Kava Lend while denying that the event involved an unlimited mint of KAVA.

Partner exchanges paused related deposit and withdrawal services as a standard precaution, Kava said.

Kava said it would provide more information as soon as possible. The response ties exchange precautions to the same KAVA activity it said had been contained within Kava Lend.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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