Dear Everscale community!

As we updated last week, we have become aware of a suspicious activity using WEVER, potentially involving illegal actions, where the bad actors involved have tried to hurry and sell a significant amount of WEVER they have taken possession of.

For the avoidance of doubt we would like to be crystal clear - there was no security incident involving Everscale, the bridge or any other technology associated with the Everscale and the tokens. Moreover, ALL native coins are safe and following the deactivation of the bridge cannot be accessed by the bad actors, who have only taken possession of the wrapped version.

We are currently taking all necessary actions against the bad actors, on the civil and law enforcement fronts, and should get results soon, for the benefit and protection of the ecosystem and the community.

We would also like to mention our partners, including exchanges, which are cooperating with the Everscale DeFi Alliance and taking action to prevent the bad actors from benefiting from their actions.

The decision to deactivate the bridge was done in the power granted by the DAO and intended to block the bad actors from redeeming the wrapped coins in their possession. The old wrapped version is now replaced by a new version (address: 0x1ffEFD8036409Cb6d652bd610DE465933b226917) that will be listed on the current and new exchanges in the upcoming days.

Until further notice, we urge you to cease all trading of WEVER until we announce the new WEVER has been updated on the relevant exchanges. WEVER holders are requested to reach out to the Everscale DeFi Alliance and swap the old tokens with the new ones, prior to the redemption against the native coins, subject to compliance requirements we will publish soon to make sure the bad actors are unable to do so.

We will publish additional instructions shortly.

As always, the Everscale DeFi Alliance and the DAO will take all necessary steps to prevent any wrongdoing and any action that may harm our mission and the best interest of our community and ecosystem.

Thank you,
Everscale DeFi Alliance

Broxus #OctusBridge #WEVER