Markets News Report
October 17, 2023

Octus Bridge Reports Theft of $EVER Tokens Due to Security Breach

Octus Bridge Announces Theft of $EVER Tokens

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.

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.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

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 Asti
Nik Asti

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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