Everscale (EVER) Drops 20% Amid Rumors of Token Theft
Date: 2023-10-17 Author: Dima Zakharov Categories: BLOCKCHAIN, CRYPTO PAYMENTS
The cryptocurrency world is abuzz with concerns over the losses suffered by Everscale (EVER):
The latest sensation in the cryptocurrency industry is the abrupt 20% drop in the price of Everscale (EVER). This sudden price plunge has undeniably caught the attention of crypto investors and has piqued the interest of the broader crypto community. So, what happened to Everscale, and why did the coin's value plummet so dramatically?
Suspicions of Token Theft:
According to information published by BeInCrypto, over the past 24 hours, the price of Everscale (EVER) has fallen by more than 20%. This event holds significant weight, considering that the coin ranks 391st in the cryptocurrency market and boasts a market capitalization of approximately $50 million. The reason for the price drop is linked to the project team's claims of token theft.
Everscale's Scalable Blockchain:
Everscale is described as the "most scalable blockchain" on the official website. This project has garnered substantial interest within the blockchain developer community and among investors, thanks to its ambitious plans to expand the capabilities of blockchain technology.
Official Statement by the Project Team:
The Everscale team has issued an official statement, revealing that a substantial quantity of EVER tokens has been stolen. They are actively cooperating with exchanges where EVER is traded to prevent further losses. The statement also implores members of the community to remain calm and refrain from hasty actions.
Halting the Octus Bridge:
To prevent further incidents, the project team has temporarily disabled the Octus Bridge. This action was taken to safeguard assets and prevent potential new token thefts. Furthermore, the team has pledged to keep the community informed about the progress of the investigation and the measures being taken.
