Everscale Addresses Stolen EVER Tokens
Everscale, a Layer 1 blockchain project based on the Telegram Open Network architecture, has responded to the recent volatility of its EVER tokens by acknowledging that a significant number of tokens have been stolen. In a statement posted on X, the Everscale team announced that they have temporarily disconnected the Octus Bridge, which serves as a decentralized bridge between blockchains powered by Everscale. They are also collaborating with crypto exchanges that list EVER tokens to prevent further outflow from the ecosystem. The team urges users to remain calm and avoid making impulsive decisions while they conduct their investigation into the matter. According to CoinGecko data, the price of EVER tokens has fallen by over 20% in the past 24 hours.
Protecting the Everscale Community
Everscale’s response to the stolen EVER tokens is focused on safeguarding its community and minimizing any potential damage caused by the incident. By disconnecting the Octus Bridge, they aim to prevent any unauthorized access or movement of tokens across blockchains. Collaborating with crypto exchanges is an important step in stopping further outflow from the ecosystem and ensuring that affected users are protected. The Everscale team emphasizes the need for patience and restraint during this time, as rushing into actions without full clarity could exacerbate the situation. Their commitment to providing updates as their investigation progresses demonstrates their dedication to transparency and resolving the issue promptly.
The Impact on EVER Token Price
As news of the stolen EVER tokens emerged, it had an immediate impact on the price of EVER tokens in the market. CoinGecko data shows a significant drop of more than 20% in just 24 hours. This decline reflects investors’ reaction to the security breach and highlights market concerns regarding token theft. However, it is important to note that the situation is still being investigated, and further developments may influence the token’s price in the future. Traders and investors should closely monitor official announcements from Everscale for updates on the security breach and any potential measures taken to restore confidence in EVER tokens.
Hot Take: Everscale Takes Swift Action to Address Stolen EVER Tokens
The recent theft of a large number of EVER tokens has prompted Everscale to take immediate action to protect its community and investigate the incident. By temporarily disconnecting the Octus Bridge and collaborating with crypto exchanges, Everscale aims to prevent further outflow of stolen tokens and minimize the impact on its ecosystem. The team urges users to remain calm and patient while they conduct their investigation, emphasizing that hasty actions could worsen the situation. The decline in EVER token price reflects market concerns over the security breach, but it is essential to stay informed through official updates from Everscale. This incident highlights the importance of robust security measures within the crypto space.
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