Coinone began a temporary suspension of Kava (KAVA) deposits and withdrawals Saturday after a suspected security issue on the token’s blockchain prompted security checks on its platform.
Upbit also warned users about a suspected security issue on the Kava blockchain. Its warning addressed the network; Coinone’s notice described a restriction on moving KAVA through its platform.
Coinone said the pause began at 5:40 a.m. ET Saturday, Nov. 14 (7:40 p.m. KST). Its notice said the suspension covers deposits and withdrawals. The exchange said it would update customers after completing security measures and checking network stability, but did not provide a restart time. Coinone customers cannot move KAVA into or out of the exchange during the pause.
Coinone also said it would review whether to formally designate KAVA as an asset under trading caution after reports of a possible security incident. It has not announced that designation. The exchange warned users of potential price volatility and gave no timing for the review’s outcome.
