Everscale, a Layer 1 blockchain project built on the Telegram Open Network architecture, addressed the recent EVER -8.68% volatility, saying a large number of tokens have been stolen.
“Friends, unfortunately, a large number of EVER tokens have been stolen,” the Everscale team posted on X.
The team said it had temporarily disconnected the Octus Bridge — a decentralized bridge between blockchains that is powered by Everscale — and is working closely with crypto exchanges that list EVER tokens to stop further outflow from the ecosystem.
“Please stay calm and refrain from taking any hasty actions,” the team added. “We will provide more details as the situation becomes clearer in the course of our investigation.”
The price of EVER tokens has dropped more than 20% over the last 24 hours, according to CoinGecko data.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.