ChainCatcher report: The IoTeX Foundation has announced its latest tracking updates and full compensation plan regarding the recent ioTube cross-chain bridge security incident. The team states that it has completed end-to-end tracking of the stolen funds; most CIOTX has been frozen on-chain, while the remaining assets were primarily converted into approximately 2,183 ETH and transferred to the Bitcoin network, with the associated BTC addresses currently under monitoring. The Foundation commits to 100% compensation for all users who held USDC, USDT, ETH, or WBTC bridged from Ethereum to IoTeX at the time of the incident: users with losses of $10,000 or less will receive full compensation in a single payment; users with losses exceeding $10,000 will receive immediate compensation for the first $10,000, with the remainder paid out in four quarterly installments, plus an additional 10% compensation in the form of 12-month staked IOTX. The platform will open its official recovery address and Claims Portal on February 27; users must consolidate their affected assets into a single transfer and submit on-chain transaction details to complete verification and claims processing.
IoTeX Announces 100% Compensation Plan for ioTube Hack
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Summary
IoTeX has announced a full compensation plan for the ioTube cross-chain bridge hack, as reported by Chaincatcher. The team has tracked all stolen funds, with most CIOTX frozen on-chain and remaining assets converted to approximately 2,183 ETH and transferred to Bitcoin. Compensation covers users who held bridged USDC, USDT, ETH, or WBTC at the time of the cross-chain incident. Losses up to $10,000 will be fully reimbursed immediately, while larger claims will receive the first $10,000 upfront, with the remainder paid in four quarterly installments plus 10% in IOTX staked over one year. A recovery address and Claims Portal will open on February 27 for verification.
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