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Elrond's native token drops by 7% when Maiar DEX goes dark
The main DEX deployed on the Elrond network has been taken offline as part of an investigation into “suspicious activity.” Both the token belonging to the DEX and Elrond's native token have fallen but remain stable Smart contracts platform Elrond Network's native token lost more than 7% of its value on Sunday as Maiar, the decentralized exchange deployed on Elrond, was placed into maintenance. Elrond founder and CEO Beniamin Mincu tweeted on Sunday that the entire Elrond team was investigating “suspicious activity” on Maiar and would provide an update “soon.” Blockworks has confirmed that Maiar is undergoing “scheduled maintenance” with an accompanying message on...
Elrond's native token drops by 7% when Maiar DEX goes dark
- Der im Elrond-Netzwerk eingesetzte Haupt-DEX wurde im Rahmen einer Untersuchung „verdächtiger Aktivitäten“ offline geschaltet.
- Sowohl der Token, der zum DEX gehört, als auch Elronds nativer Token sind gefallen, bleiben aber stabil
Smart contracts platform Elrond Network's native token lost more than 7% of its value on Sunday as Maiar, the decentralized exchange deployed on Elrond, was placed into maintenance.
Founder and CEO of Elrond Beniamin Mincu tweeted On Sunday, the entire Elrond team was investigating "suspicious activity" on Maiar and would provide an update "soon."
Blockworks has confirmed that Maiar is through a “ scheduled maintenance ” with an accompanying message on its website claiming that “operations will resume shortly.”
Both the Elrond token (ELGD) and the Maiar DEX native token (MEX) are in the red on the day, with MEX recovering from a significant price drop that saw it lose 90% of its value late Sunday.
MEX is now trading near prices seen before the outage, while ELGD has fallen to $72.30 from around $75 seen at 21:00 UTC.
Blockworks attempted to contact the Elrond team but did not receive a response by press time.
This story is developing and will be updated accordingly.
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The post Elrond’s Native Token Drops 7% as Maiar DEX Goes Dark is not financial advice.