The Everscale team stated the security incident as follows: “Regrettably, we observed that an extensive amount of EVER tokens were stolen.” They also indicated that they temporarily deactivated the Octus Bridge, which serves as a decentralized bridge among the supported blockchains of Everscale, and they are actively working with crypto exchanges to stop token withdrawals from the ecosystem.

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The team advised users to remain calm and avoid hasty actions, emphasizing that the investigation is ongoing, and they will provide more details as the situation becomes clearer. According to CoinGecko data, as a result of the security breach, the price of EVER tokens has dropped by over 20% in the past 24 hours.

This security issue experienced by Everscale once again highlights the risks that crypto projects face and underscores the importance of security measures. Users should be cautious in similar situations and strengthen their security measures.

The impact of this incident on Everscale and the EVER token will become clear after the team’s investigation. The crypto community is now more aware than ever of the importance of being vigilant about security issues and approaching projects in a secure manner.

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The post Major Theft in Everscale Token: 20% Drop in EVER Price! appeared first on Coin Engineer.