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
World Liberty Financial's Controversial Proposal to Link Voting Rights With Staking Gains 99% Support
The Trump Family-linked World Liberty Financial is reportedly gaining strong support for a proposal that could alter voting power significantly.
Early Support Despite Backer Criticism
World Liberty Financial is seeing overwhelming support for a proposal that could redefine voting power. The
Coinpedia22m ago
Aave Labs Proposes Dedicated Bug Bounty Program for Aave V4 With Sherlock
Aave Labs has published a proposal for a dedicated bug bounty program for a 24/7 channel to report security issues.
High-priority submissions require participants to stake at least 250 USDC, which is forfeited if the report is invalid or deemed spam.
Aave Labs has published a proposal to
CryptoNewsFlash24m ago
XRP Ledger XLS-65 Amendment Introduces Native Single Asset Vaults for DeFi
XLS-65 enables integration of single-asset vaults on the XRP Ledger, allowing users to pool XRP, IOU, or MPT and obtain proportional shares of MPT.
XRPL Commons backed the amendment after 257 Devnet tests, which covered exchange logic, access controls, and asset safeguards.
The XRP Ledger ha
CryptoNewsFlash40m ago
Stablecoin Infrastructure Perena Launches USDT Vault Glow Vault on Solana
Perena launches the Curated USDT Vault Glow Vault on Solana, developed by Blueprint Finance. It employs a delta-neutral quantitative strategy with an annualized return of approximately 8.5%. Users can earn points rewards and receive liquidity savings stablecoin USD STAR.
GateNews2h ago
Theo will start a $100 million gold-backed interest-bearing stablecoin thUSD pre-deposit tomorrow.
Gate News Announcement: On March 9, the on-chain financial market platform Theo will open a $100 million pre-deposit for the gold-backed interest-bearing stablecoin thUSD Genesis Vault through Concrete on March 10. thUSD is built on the tokenized gold product thGOLD, which earns interest by lending gold to retailers and hedges gold futures on platforms like CME to construct
GateNews2h ago
Solana DEX Aggregator Titan Launches Privacy Trading Feature Private Swaps
Gate News Announcement, March 9 — Solana DEX aggregator Titan has launched the Private Swaps feature, supported by Vanish, allowing users to conduct anonymous transactions on the Solana network by masking their wallets. Currently, this feature supports exchange transactions involving SOL. Additionally, users who complete Private Swap transactions on Titan will receive a new Titan Privacy badge.
GateNews3h ago
