Bitcoin falls to $62,000, then a DeFi hack adds more pressure

Bitcoin briefly fell to about $62,000 before recovering above $64,000. Roughly $1.9 billion in leveraged positions were liquidated during the selloff. The crypto market then had another problem: Kava Lend was exploited, with attackers draining about $3.76 million in value and sending the KAVA token sharply lower.

Kava says the incident was contained within its lending platform. That doesn’t erase the losses for users or token holders. It adds another failure to a market already under pressure.

https://www.theblock.co/news/defi/2026-11-14-kava-lend-loses-roughly-3-8-million-to-hack-sending-kava-token-down-nearly-40-440350

https://cryptonakta.com/crypto-news-20261115/

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

0 views