Key takeaways

Layer 1 blockchain Everscale’s token has plunged by more than 20% so far today.

The development team announced that a large number of its tokens were stolen.

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.

Recent EVER volatility

Friends, unfortunately, a large number of EVER tokens have been stolen.

We are working closely with exchanges where EVER is listed in order to stop any further outflow of tokens 🛠

Please stay calm and refrain from taking any hasty actions 🧘

To halt… pic.twitter.com/RxmkSiwmnC

— Everscale (@Everscale_net) October 17, 2023

The team said they are currently working with exchanges where EVER is listed in order to stop any further outflow of tokens.

This latest cryptocurrency news has seen EVER, the native token of the Everscale ecosystem, lose more than 20% in the last few hours. 

The team revealed that it temporarily disconnected the Octus Bridge, a decentralized bridge between blockchains that is powered by Everscale. This is to ensure that there would be no more outflow of EVER tokens from the ecosystem. 

The development team also asked its community members to stay calm and refrain from making hasty decisions. They will provide more details as the situation becomes clearer in the coming hours and days. 

EVER has lost roughly 20% of its value over the last 24 hours and is currently trading at $0.02896 per token. 

The post EVER plunge by 20% as Everscale team says large number of tokens were stolen appeared first on CoinJournal.

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