IoTeX: On-chain attack causes approximately $2 million in losses, expected to be restored within 48 hours

CycleProphet · 2026-02-22T02:31:24+00:00

IoTeX updates on the private key leak hacking incident, has regained control of security, with losses of approximately $2 million, involving multiple assets. The attack was a complex scheme, and the team is working with exchanges and law enforcement agencies to trace the funds. On-chain services will resume after security upgrades, and transparency will be maintained.

CycleProphet

2026-02-22 02:31:24

Abstract generation in progress

Deep Tide TechFlow News, February 22 — IoTeX announced an update on the previous private key leak hacking incident on the X platform, stating that the team has gained control of the related security event. IoTeX Chain is currently strengthening security measures. The confirmed loss from this attack is approximately $2 million, involving assets such as USDC, USDT, IOTX, and WBTC. It is reported that this was a complex attack planned by professional hackers over a long period, targeting multiple blockchain networks. IoTeX is working closely with exchanges and law enforcement agencies to attempt to freeze the stolen funds and advance investigations and recovery efforts. On-chain operations and deposit functions will be restored within 24–48 hours after completing security upgrades, and the team also commits to maintaining transparency and disclosing progress moving forward.

IOTX-3.84%

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