Overtake denies hack after 70% price drop, points to liquidations

Overtake (TAKE) announced on its official X account that a recent sharp price drop was not the result of a security breach or hacking. The statement follows a 10-minute period in which the token plunged approximately 70%, as previously reported by CoinNess. The project's team said it believes the crash is linked to a large-scale liquidation in the derivatives market and is closely monitoring the situation. It also confirmed that all wallets managed by the foundation and team remain secure.