Octus Bridge Reports Theft of $EVER Tokens Due to Security Breach
In Brief
Octus Bridge reported users that thieves stole a significant quantity of $EVER (Everscale) tokens from their platform.
In a concerning revelation, Octus Bridge today confirmed the theft of a substantial amount of $EVER tokens from their platform. The announcement came via their official Twitter handle, where the company urged its users to remain calm and avoid rash decisions in light of the incident.
The breach has had immediate repercussions on the value of $EVER, with reports indicating a significant 20.8% drop in its price. MetaTrust Alert, a prominent platform that monitors cryptocurrency happenings, corroborated Octus Bridge’s statement, emphasizing the severity of the theft and the subsequent price drop.
Recent $EVER volatility
— Octus Bridge 🐙 (@OctusBridge) October 17, 2023
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…
While Octus Bridge is fervently collaborating with exchanges that list the $EVER token, aiming to prevent further unauthorized token movements, they’ve also taken a proactive measure by temporarily disconnecting the Octus Bridge as part of their containment strategy.
The situation, as of now, remains fluid. Octus Bridge has assured its users that it’s committed to providing further updates as the company delves deeper into the breach and ascertains the extent of the impact. This incident serves as a poignant reminder of the vulnerabilities that still exist in the digital currency ecosystem, even as the technology continues to mature.
The crypto community is eagerly waiting for more details from Octus Bridge’s investigation. Meanwhile, we recommend stakeholders exercise caution and remain vigilant about potential scams and misinformation that could arise following these security breaches.
#PeckShieldAlert $EVER has dropped by -21%. @Everscale_net has reported that a large number of $EVER tokens were stolen https://t.co/dood9QRVMp pic.twitter.com/X26EjB3Oy9
— PeckShieldAlert (@PeckShieldAlert) October 17, 2023
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Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
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Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.
