IoTeX: Fully restored mainnet operation, will compensate 100% to affected users

2026-02-25 05:20:56

Abstract generation in progress

Deep Tide TechFlow News, February 25 — According to official IoTeX reports, the IoTeX mainnet fully resumed operation on February 24 at 06:06 (UTC). Prior to this, the IoTeX team and node representatives deployed a security upgrade to Mainnet v2.3.4, permanently freezing approximately 45 million IOTX from 29 attacker wallets.

Based on on-chain forensic analysis, although the attacker minted 410 million CIOTX, 99.5% of the assets have been frozen or locked. The actual economic loss is estimated at around $4.4 million, with the attacker converting these assets into 66.78 BTC, currently stored in four Bitcoin addresses.

The IoTeX Foundation commits to providing 100% compensation from the foundation’s treasury to all affected users and has submitted an official report to U.S. law enforcement agencies. To prevent similar incidents in the future, IoTeX is implementing multiple security upgrades, including transitioning to decentralized bridge governance, multi-signature control, and on-chain circuit breakers.

IOTX-5,49%

BTC4,78%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.