Overview
- The organization said it will cease all business activity and active maintenance immediately, retaining a small transition team to release a new node binary for operators.
- KDA fell roughly 55%–60% to about $0.087–$0.12 within a day, with trading volume surging to roughly $99 million–$105 million as holders sold.
- The blockchain will continue to run under its proof-of-work design, maintained by independent miners and community developers without the core team.
- The token emission schedule remains unchanged, with about 566 million KDA set for mining rewards through 2139 and 83.7 million tokens unlocking by 2029.
- Initial speculation of a hacked announcement was dismissed after confirmation on Discord; the project, founded by ex-JPMorgan engineers and launched in 2020, now leaves development and governance to the community.