According to an announcement by the Everscale team, a considerable number of EVER tokens have been stolen.
These exchanges have suspended deposits and withdrawals specifically for Wrapped EVER (WEVER) tokens, with native EVER tokens remaining secure and unaffected on Octus Bridge.
The Everscale team has confirmed that this incident of token theft is a result of fraudulent activities.
They note that there was no intrusion into the network itself, and no decentralised applications integrated with the blockchain have been compromised.
They also clarified that the stolen tokens were of the ERC20 variety, and not the native coin itself.
Key details, such as the exact number of stolen tokens, the method employed for the theft, and the cause of the recent decline in $EVER token value, have not been disclosed at this time.
As of time of publication, Everscale has dropped at least 60% from its high in September this year.
Everscale has also temporarily disconnected Octus Bridge, in their effort to thwart the parties responsible for this breach.
Everscale, a blockchain network employing an infinite sharding mechanism, offers a dependable platform for applications requiring efficient, secure, and scalable transactions.
Functioning as a proof of stake layer 1 blockchain, it is underpinned by the Ever OS platform, originally designed for industrial purposes.
This blockchain network’s linear scalability allows it to process up to one million transactions per second, facilitating the execution of Turing-complete smart contracts and decentralized user interfaces.
Everscale recently announced a partnership with Nümi, a metaverse platform, which aims to provide creators and gamers with the tools to realize their digital visions.