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

ZkProver · 2026-02-22T02:46:17+00:00

IoTex has released an update on the private key leak hacking incident on the X platform, confirming losses of approximately $2 million. The attack was a sophisticated operation, and the team has contained the incident and strengthened security measures. They are working with exchanges and law enforcement agencies to recover the stolen funds. On-chain functionalities will be restored within 24–48 hours.

ZkProver

2026-02-22 02:46:17

Abstract generation in progress

ChainCatcher message: IoTeX has released 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 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 over a long period by professional hackers, targeting multiple blockchain networks. IoTeX is working closely with exchanges and law enforcement agencies to attempt to freeze the stolen funds and advance investigation and recovery efforts. On-chain operations and deposit functions will be restored within 24–48 hours after completing security upgrades, and they also promise to maintain transparency and disclose progress moving forward.

IOTX-8,78%

WBTC-0,58%

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.

2 Likes