Kamino applies a precautionary lending restriction
Kamino has temporarily paused borrowing in its SOL/BTC market while the Binance incident continues.
The protocol says it is currently unaffected by the Binance situation and took the measure “out of an abundance of caution.” It is monitoring events and communicating with partners.
This is a defensive response, not an announcement that Kamino was exploited.
What was actually paused
The official Kamino statement says borrowing was temporarily paused in the SOL/BTC market. That is narrower than freezing every SOL and BTC market activity.
A borrowing pause is designed to prevent new debt positions from being opened while risk teams assess potentially compromised wallets or collateral. The supplied statement does not say that user balances were frozen or that the entire protocol stopped operating.
Why lending protocols are reacting
An attacker holding large quantities of liquid assets can attempt to use them as collateral, borrow different assets and complicate recovery. Temporarily disabling borrowing closes that route while protocols evaluate addresses connected to the incident.
Aave reportedly activated a similar defensive measure earlier, showing how a major exchange compromise can quickly trigger risk controls across decentralized lending markets even when those protocols are not themselves attacked.
What Kamino users should watch
Kamino says future updates will be communicated only through its official X account. Users should verify announcements there and avoid unofficial support links or requests for wallet credentials.
The accurate status is: Kamino says it is unaffected, but SOL/BTC borrowing is temporarily paused as a precaution.
This is a developing story. Signal21 will update the article when Kamino restores borrowing or publishes additional risk details.