Kaddex has acquired all intellectual property and rights associated with Kadena following the network's collapse in October 2025. The shutdown, caused by financial strain and governance issues, resulted in a 60% drop in KDA's value within an hour. Kaddex plans to rebuild the ecosystem with a focus on security, compliance, and decentralized tokenomics. Existing KDA holders will receive one-to-one compensation during the migration to the new chain. The transition has raised concerns about centralization and the project's long-term viability.