KAVA fell to $0.0395 at 17:10 UTC on Nov. 14, 2026, down 41.9% in 24 hours, after Kava disclosed unexpected activity involving Kava Lend and Upbit suspended deposits and withdrawals. CoinGecko later put KAVA at $0.0375, down 44.8%, with a market capitalization near $40.5 million and $50.0 million in 24-hour volume. The token’s hourly low was $0.0364, 47% below the Nov. 13 high of $0.0687. On-chain monitoring found that an attacker borrowed about 55.2 million KAVA from Kava Lend, worth approximately $3.76 million at the pre-attack price. The attacker reduced the nearly inactive BUSD market’s net supply to a very small level, causing the value of deposits to increase about 243,000-fold in roughly three minutes. Using the inflated collateral, the attacker borrowed KAVA in 127 transactions and used a second account to liquidate each loan, bypassing the borrowing limit. About 49.2 million KAVA was bridged through LayerZero to BNB Chain, where most of it was sold for approximately $2.09 million in BNB and USDT. On-chain data showed repeated testing of the market since Nov. 8. Kava said the event was isolated to Kava Lend and did not involve an infinite mint. The disclosures did not establish the sellers’ identities, the final loss amount, the root cause, or whether wrapped-token backing remains intact. Upbit said transfers would resume after stability was confirmed, without giving a date. Earlier reporting cited estimated movements of roughly 48.3 million to 48.36 million KAVA and additional restrictions at other venues, but those figures were later supplemented by the 49.2 million KAVA bridging estimate and were not confirmed in Kava’s statements.