A proposal with a plan to recover the EVER token has been put forward by Everscale DeFi Alliance. It is easy to guess that the proposal is related to the recent fraudulent actions of a South Korean counterpart, who misappropriated 212,119,114 WEVER ERC-20 tokens, resulting in a sharp decline in the market value of the EVER token on several exchanges.
The theft was not a hack, and over 100 million EVER tokens were saved. However, the DeFi Alliance is taking active measures to expedite the return of unlawfully appropriated funds and stabilize the market.
To restore regular trading and cross-network transfers of WEVER, the alliance proposes deploying a new WEVER ERC-20 smart contract and connecting it to the Octus Bridge. All trading activity would be redirected to this new token on centralized platforms, and an automated process would be implemented to facilitate the exchange of old WEVER ERC-20 tokens for the new version.
Read more about the proposal
Voting will begin on October 24th at 11:40 (UTC)