EVER price falls 21% after token theft

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The team behind the first‑level blockchain Everscale on the Telegram Open Network said that a “large amount” of EVER tokens had been stolen.

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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

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The cross-chain bridge Octus Bridge was temporarily disabled.

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Representatives from Everscale also said they are working closely with crypto exchanges where EVER is listed to prevent further outflows from the ecosystem.

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\”Please stay calm and refrain from taking any hasty actions. We will provide more details once the situation clarifies after our investigation,\” the statement said.

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Against the backdrop of the news, EVER’s price over the past 24 hours fell 21% to $0.0258, according to CoinGecko.

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According to DeFi Llama, the total value of funds locked in the protocol stands at $2.35 million. The metric did not react to the incident, likely due to the bridge being shut.

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In September, the DeFi project Linear Finance reported an attack that left it with no liquidity in the stablecoin ℓUSD on the PancakeSwap and Ascendex platforms. The price of the \”stablecoin\” collapsed to zero.