Everscale Tokens Stolen, EVER Plunges 20% in Value

8:19 pm
October 17, 2023

Summary: Everscale, a Layer 1 blockchain project based on the Telegram Open Network architecture, announced via Twitter that a significant number of its tokens have been stolen. The team is currently cooperating with exchanges to prevent any further outflow of tokens. As a result of this news, the native token of the Everscale ecosystem, EVER, has experienced a more than 20% decrease in value over the past few hours. The Everscale team has temporarily disconnected the Octus Bridge, a decentralized bridge between blockchains powered by Everscale, to halt the outflow of EVER tokens. The team is urging community members to remain calm and avoid making impulsive decisions while they work to assess and resolve the situation.

Everscale tokens stolen, EVER token dips by 20%

Everscale, a Layer 1 blockchain project built on the Telegram Open Network architecture, informed its community members via Twitter on Tuesday that a large number of tokens have been stolen. The team said they are currently working with exchanges where EVER is listed to stop any further outflow of tokens. This incident has caused the native token of the Everscale ecosystem, EVER, to lose more than 20% of its value in the last few hours.

The team revealed that it has temporarily disconnected the Octus Bridge, a decentralized bridge between blockchains powered by Everscale, to prevent any additional outflow of EVER tokens from the ecosystem. They have urged community members to remain calm and refrain from making hasty decisions. Further details will be provided as the situation becomes clearer.

Currently, EVER is trading at $0.02896 per token, reflecting a 20% decrease in value over the last 24 hours.

FAQs

1. What is Everscale?

Everscale is a Layer 1 blockchain project that operates on the Telegram Open Network architecture.

2. What happened to Everscale tokens?

Everscale announced that a vast number of its tokens have been stolen.

3. How is the Everscale team addressing the situation?

The Everscale team is currently working with exchanges where EVER is listed to prevent further outflow of tokens. They have temporarily disconnected the Octus Bridge to halt the outflow of EVER tokens.

4. What should community members do?

The Everscale team advises community members to remain calm and avoid making hasty decisions. They will provide updates as the situation unfolds.

5. How much has EVER’s value decreased?

Within the last 24 hours, EVER’s value has dropped by approximately 20% and it is currently trading at $0.02896 per token.


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