Why is kava banned?

Could you elaborate on the reasons behind the ban of Kava? I've heard whispers in the crypto community about its recent prohibition, but the details remain hazy. Is it due to regulatory concerns? Perhaps a security vulnerability? Or is it simply a case of market manipulation? I'm particularly interested in understanding the regulatory framework that led to this decision, as well as any potential risks that might have been uncovered. Additionally, I'm wondering if there's a broader trend in crypto regulation that this ban signifies, and how it might impact other projects in the space. Clarifying these points would help us better navigate the ever-changing crypto landscape.