# KAVA Falls 40% as Kava Lend Incident Halts Exchange Withdrawals

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/57418
Published: 2026-11-14T14:41:15.000Z
Updated: 2026-11-14T14:41:15.000Z
Section: Technology

> Kava said the activity was confined to its lending app and did not involve an unlimited mint of KAVA. Upbit, Bithumb and Coinone suspended KAVA deposits and withdrawals.

KAVA fell roughly 40% Saturday as the Kava team investigated unusual on-chain activity tied to Kava Lend, while exchanges and a cross-chain bridge suspended transfers.

The Kava team said the activity was confined to Kava Lend, its decentralized market for lending and borrowing crypto assets. It also said the incident did not involve an unlimited creation of KAVA tokens.

Upbit, a South Korean crypto exchange, said it suspended KAVA deposits and withdrawals after identifying suspected security issues on the Kava network. Bithumb and Coinone imposed similar suspensions.

Axelar, a cross-chain infrastructure provider used by Kava, paused its bridge as a precaution, stopping withdrawals routed across that connection.

The Kava team said it was treating the incident as a high priority and would publish a full incident report after its investigation ends. It gave no timeline.

Kava is a DeFi-focused blockchain that links Cosmos and Ethereum, and KAVA is used for network fees, staking and governance.