IoTeX Network Recovers After Security Incident, 99.5% of Illegally Minted Tokens Frozen

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Release Time: 02/25/2026 05:16:42

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Summary

According to Blockbeats, the IoTeX network completed a network upgrade and fully restored operations on February 25. The team confirmed that 99.5% of the abnormally minted tokens during the security breach of the ioTube cross-chain bridge were intercepted or permanently frozen, with actual losses totaling approximately $4.4 million. Mainnet assets remain secure, and the IoTeX Foundation has pledged full compensation for affected users, with a compensation plan to be released within 24 hours. The hackers’ wallet containing 66.78 BTC has been identified, and the foundation is collaborating with the FBI and law enforcement for 24-hour monitoring. The 48-hour bounty window is closing, and IoTeX is actively tracing affected transaction paths to gather legal and technical evidence. The new version blocks 29 malicious addresses and implements IIP-55 to transition ioTube into a multi-party governance structure. IOTX transactions and mainnet operations are now normal, with the team working alongside more than 20 exchanges and DAXA to restore deposits and withdrawals.

BlockBeats report: On February 25, according to official announcements, the IoTeX network has completed its upgrade and fully resumed operations. After verification by the team, 99.5% of the abnormal minting in the ioTube cross-chain bridge incident was intercepted or permanently frozen, resulting in actual losses of approximately $4.4 million.

Mainnet assets are secure. The IoTeX Foundation commits to 100% reimbursement for affected users, with detailed plans to be announced within 24 hours. The official team has frozen the hacker’s wallet containing 66.78 BTC and is collaborating with the FBI and law enforcement agencies across multiple countries to conduct 24/7 global monitoring to prevent money laundering.

The 48-hour bounty window is about to close. IoTeX has initiated legal, technical, and criminal tracking, and secured evidence of all compromised pathways, collaborating globally for溯源. The new version has permanently banned 29 malicious addresses and is advancing IIP-55 to upgrade ioTube to a multi-party verification governance architecture, eliminating single points of failure.

IOTX trading and mainnet operations are currently functioning normally. The team is collaborating with over 20 exchanges and Korea’s DAXA to restore deposits and withdrawals.

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