KAVA falls 40% after Kava Lend exploit as exchanges halt withdrawals

An exploit against Kava Lend has driven the KAVA token down 40%, and exchanges have halted withdrawals. The breach points to vulnerabilities in DeFi lending systems and could erode trust in the platform, prompting stricter security measures across similar protocols. Traders holding KAVA face a sharp drawdown and limited exit routes while withdrawals remain suspended.