BlockBeats News, February 25 — According to official sources, the IoTeX network has completed a version upgrade and fully resumed operation. After verification by the team, 99.5% of the abnormal tokens in the ioTube cross-chain bridge incident have been intercepted or permanently frozen, with actual losses estimated at approximately $4.4 million.
The mainnet assets are secure, and the IoTeX Foundation has committed to fully compensate 100% of affected users. The specific compensation plan will be announced within 24 hours. The authorities have locked the hacker’s wallet containing 66.78 BTC and are working with the FBI and law enforcement agencies in multiple countries to conduct 24-hour global monitoring to prevent money laundering.
The 48-hour bounty window is about to close. IoTeX has initiated legal, technical, and criminal investigations, as well as evidence preservation for all affected assets, collaborating globally for traceability. The new version has permanently banned 29 malicious addresses and promoted IIP-55, upgrading ioTube to a multi-party verification governance structure to eliminate single points of failure.
Currently, IOTX trading and mainnet operations are normal. The team is working with over 20 exchanges and Korea’s DAXA to restore deposits and withdrawals.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
IOTA Launches Sustainability Page Highlighting Energy Efficiency and MiCA Metrics
IOTA launched a sustainability page that shows network energy use emissions and MiCA indicator data.
The page shows electricity consumed totaling 387,377.16 kWh and 100,404 kg of CO₂ emissions.
The IOTA Foundation has launched a new Sustainability page that compiles environmental footprint i
CryptoNewsFlash21m ago
Data Index Innovation: "The Graph," Achievements and Future Strategic Analysis
Messari Research Report indicates that the number of active subgraphs on The Graph has reached a new high, with developer engagement remaining consistently active. Layer 2 networks have experienced significant growth, with Base chain leading in query volume. Staking activity has increased for the first time, and substream yields have surged. The Graph is driving transformation through the launch of Graph Horizon, strengthening its position as a data service protocol and laying the foundation for long-term growth.
TechubNews2h ago
The prediction market is entering an accelerated phase, and Infinite Galaxy Protocol is about to launch the USDT flexible wealth management upgrade.
Prediction markets are rapidly developing, with trading volumes significantly increasing, and user demand for "probability pricing" continues to rise. Infinite Galaxy Protocol (IGP) plans to upgrade the USDT Flexible Yield Vault in March, combining AI-driven predictions with liquidity management to offer more flexible participation options and reduce risks. This move aims to promote dynamic synergy between prediction markets and liquidity, improve capital utilization efficiency, and signal DeFi's move toward a more structured future.
TechubNews2h ago
Circle Earnings Surge as Allaire Ties AI to Stablecoins
Circle's quarterly earnings surpassed expectations, highlighting strong growth in USDC supply and onchain activity. CEO Jeremy Allaire emphasized the convergence of AI, blockchain, and stablecoins for future economic participation, leading to a 35% stock surge.
CryptoFrontNews3h ago
Resolv integrates the JAAA Fund into the revenue framework, with a deployment cap of $100 million
On-Chain Revenue Protocol Resolv announces the integration of Janus Henderson Anemoy AAA CLO Fund into on-chain asset allocation via the Centrifuge platform, with a deployment limit of $100 million, and plans to leverage up to 80% loan-to-value ratio to enhance capital efficiency.
GateNews3h ago
