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Project Overview
The Kava Network is the first Layer-1 blockchain to combine the speed and scalability of the Cosmos SDK with the developer support of Ethereum. It will empower developers to build for Web3 and next-gen blockchain technologies through its unique co-chain architecture. KAVA is the native governance and staking token of the Kava Network, enabling its decentralization and security.
Curve Finance Suspends LayerZero Cross-Chain Bridging Functionality in Response to rsETH Infrastructure Hack
According to an official announcement from Curve Finance, due to a hacker attack on the rsETH LayerZero infrastructure, Curve Finance has suspended its LayerZero infrastructure for security reasons, pending further investigation into the root cause before resuming operations. This suspension affects the following: cross-chain bridging of CRV tokens from BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (chains using native bridges remain unaffected), as well as the crvUSD fast bridge functionality (the L2 slow bridge remains fully operational). Meanwhile, KelpDAO is also reported to have suffered a vulnerability exploit involving approximately $291 million; the exact extent of losses is still under investigation.
Curve Finance Suspends LayerZero Infrastructure
According to an official announcement, Curve Finance has suspended its LayerZero infrastructure as a precautionary measure following a hacker attack on rsETH’s LayerZero infrastructure, pending further investigation into the root cause. This adjustment affects cross-chain CRV bridging initiated from chains including BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava; bridging from other chains remains unaffected and continues to use native bridges. Additionally, the crvUSD fast bridge is impacted, while the slower bridge to L2s remains fully operational.
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India's Enforcement Directorate Raids Multiple Crypto Fraud Dens Targeting Foreign Investors
the Bengaluru branch of India's Enforcement Directorate conducted raids on multiple premises from July 18 to 19 under the Prevention of Money Laundering Act (PMLA), investigating a virtual asset over-the-counter (OTC) trading fraud case targeting overseas investors.The criminal group, through private social media channels, claimed to offer discounts on tokens such as MultiversX, Kava, BEAM, GRASS, SUI, VANA, and AGLD to induce foreign investors to put in funds. The total amount involved in the case is approximately $35 million. The case was initially filed after a report from a Dutch entity. The operation has seized electronic devices, wallet credentials, and crypto assets worth 8,700 USDT. Law enforcement authorities are continuing to expand leads and uncover the entire criminal chain.
Binance to Delist Spot Trading Pairs Including ADX/BTC
According to the official announcement, Binance will delist the following spot trading pairs and suspend trading for them on June 19, 2026, at 11:00 AM (UTC+8): ADX/BTC, AEVO/USDC, DOT/BNB, KAVA/BTC, and WBTC/ETH.
Curve Finance Suspends LayerZero Cross-Chain Bridging Functionality in Response to rsETH Infrastructure Hack
According to an official announcement from Curve Finance, due to a hacker attack on the rsETH LayerZero infrastructure, Curve Finance has suspended its LayerZero infrastructure for security reasons, pending further investigation into the root cause before resuming operations. This suspension affects the following: cross-chain bridging of CRV tokens from BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (chains using native bridges remain unaffected), as well as the crvUSD fast bridge functionality (the L2 slow bridge remains fully operational). Meanwhile, KelpDAO is also reported to have suffered a vulnerability exploit involving approximately $291 million; the exact extent of losses is still under investigation.
Curve Finance Suspends LayerZero Infrastructure
According to an official announcement, Curve Finance has suspended its LayerZero infrastructure as a precautionary measure following a hacker attack on rsETH’s LayerZero infrastructure, pending further investigation into the root cause. This adjustment affects cross-chain CRV bridging initiated from chains including BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava; bridging from other chains remains unaffected and continues to use native bridges. Additionally, the crvUSD fast bridge is impacted, while the slower bridge to L2s remains fully operational.