Everscale Network and Bithumb Exchange Announce Joint Measures for old WEVER Token swap
December 22, 2023 – Everscale DeFi Alliance on behalf of Everscale Network, in collaboration with Bithumb Exchange, announces a series of decisive actions in response to recent suspicious trading activity with the WEVER (Wrapped EVER ERC-20) token.
Key Actions and Developments:
In light of the suspicious activities observed with the WEVER token, both Everscale and Bithumb have diligently explored a range of solutions. This included potential token swaps and manual swaps by users as well as other potential solutions.
Following thorough discussions and a deep evaluation of potential impacts, Everscale and Bithumb have mutually agreed to enable the withdrawal old WEVER ERC-20 tokens (smart-contract address 0x29d578cec46b50fa5c88a99c6a4b70184c062953) from Bithumb, while keeping deposits closed. Furthermore, trading activities for the old WEVER token will be permanently suspended. This measure aims to facilitate all EVER token holders in applying for a token swap in accordance with the official procedures outlined by the Everscale DeFi Alliance. The detailed procedure can be accessed here: blog.everscale.network/other/swap-wever-erc-20-tokens-to-new
This solution is designed to ensure full compliance with Korean cryptocurrency regulation laws and the decisions of EverDAO.
Everscale is committed to applying for a listing of a new Wrapped EVER ERC-20 contract (smart-contract address 0x1ffefd8036409cb6d652bd610de465933b226917) on Bithumb as a distinct token. The listing of new Wrapped EVER ERC-20 token is subject to Bithumb discretion.
All Bithumb users currently holding old WEVER ERC-20 tokens will receive guidance and support from the Everscale Swap Support team, which can be contacted at aml@everscale.network
Moving Forward:
As we close this challenging chapter, Everscale is optimistic about the future. This experience paves the way for clear business development and listing opportunities, ensuring a stronger and more resilient Everscale ecosystem.
We thank our community and partners for their continued support and understanding during this period. Everscale is dedicated to maintaining the highest standards of security and compliance, fostering trust and stability in the digital asset space.
