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If it's coming out of the air box, it's probably a carburator float stuck open. It allows the bowl to overfill and seep into the air box. I think I saw the same problem in one of the other forums. Check Daytona and Trophy (perhaps the Speed Triple) forums. The current Sprints, T500 Speed 3s and Daytonas are fuel injected, so they won't have the same problems.
There may be a simple fix, but I suspect you'll have to remove and clean the carbs. Probably a good idea anyway.
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