[Analysis: Kava Lend Attacker Borrows Approximately 55.2 Million KAVA from Idle BUSD Market and Sells for About $2.09 Million Amount Cross-Chain] According to an on-chain analysis by The Block, attackers borrowed approximately 55.2 million KAVA from Kava Lend, the native lending protocol on the Kava chain, on Friday evening, worth about $3.76 million at the pre-attack price. The attackers first reduced the net supply of the nearly idle BUSD market to an extremely low level, amplifying the deposit value by approximately 243,000 times within about 3 minutes. They then borrowed KAVA in 127 installments using inflated collateral, and used a second account to liquidate each loan to bypass the borrowing limit. Approximately 49.2 million KAVA were transferred to the BNB Chain via LayerZero, and most were sold for approximately $2.09 million in BNB and USDT. On-chain data shows that the attackers had been repeatedly testing this market since November 8th. Kava previously stated that the incident was not an unlimited issuance and that the impact was limited to Kava Lend.