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Crypto

Kava Lend lost $3.8 million to a hack, and KAVA fell nearly 40%

About 49.2 million KAVA was bridged to BNB Chain and sold for roughly $2.1 million in BNB and USDT.

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Kava Lend lost roughly $3.8 million in a hack. The KAVA token fell nearly 40%.

About 49.2 million KAVA was bridged to BNB Chain through LayerZero. The tokens were sold for roughly $2.1 million in BNB and USDT.

The sale brought in roughly $2.1 million. The hack loss was roughly $3.8 million.