Everscale’s EVER Slides 21% After Token Theft Becomes Known
The Telegram Open Network development team at Everscale has reported the theft of a significant number of EVER tokens.
Due to the incident, the network has temporarily disabled the Octus Bridge, a cross-chain bridge. Everscale representatives have assured users that they are working closely with crypto exchanges hosting EVER to prevent further loss of funds from the ecosystem.
They have also urged users to remain calm and avoid hasty actions, promising to provide more information as their investigation progresses.
The news has caused a 21% drop in the price of EVER, currently at $0.0258 according to CoinGecko. Despite the incident, the total value of locked funds in the protocol remains at $2.35 million, possibly due to the blocked bridge.
This is not the first attack on a DeFi project this year, as Linear Finance also reported a similar incident in September, resulting in the loss of all liquidity in its stablecoin ℓUSD on PancakeSwap and Ascendex platforms.
