IoTeX releases the third update on the security incident of the ioTube cross-chain bridge and the compensation plan, stating that 100% of the stolen funds' on-chain flow tracking has been completed, and ongoing collaboration with exchanges, security agencies, and law enforcement authorities; at the same time, it promises that regardless of the final recovery outcome, the IoTeX Foundation will provide 100% compensation to affected users who meet the criteria. The plan shows that affected users will be compensated in tiers based on the amount: amounts of $10,000 and below will be fully paid in a one-time payout after the claim portal goes live; amounts exceeding $10,000 will be paid out quarterly over 12 months, with an additional 10% (in the form of staking IOTX for 12 months) as compensation.
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IoTeX releases the third update on the security incident of the ioTube cross-chain bridge and the compensation plan, stating that 100% of the stolen funds' on-chain flow tracking has been completed, and ongoing collaboration with exchanges, security agencies, and law enforcement authorities; at the same time, it promises that regardless of the final recovery outcome, the IoTeX Foundation will provide 100% compensation to affected users who meet the criteria. The plan shows that affected users will be compensated in tiers based on the amount: amounts of $10,000 and below will be fully paid in a one-time payout after the claim portal goes live; amounts exceeding $10,000 will be paid out quarterly over 12 months, with an additional 10% (in the form of staking IOTX for 12 months) as compensation.