Kava responds to on-chain anomalies: the incident is limited to Kava Lend and is not an infinite issuance

Kava's official post on X stated that they are tracking abnormal behavior of a dApp within the Kava ecosystem, and the team has prioritized an investigation. Subsequently, Kava released an update stating that they have noticed someone on-chain transferring KAVA tokens across chains to BSC and selling them. The official clarification indicated that this incident is not an infinite issuance, and the impact has been isolated and limited to Kava Lend internally. Partner exchanges have suspended KAVA deposits and withdrawals as a routine precaution. Kava stated that more information will be released soon.