Techub News reports that the IoTeX team has released an update on the security incident. IoTeX states that the vulnerability affected its multi-chain bridge ioTube’s Ethereum side contract, while bridge contracts on other chains such as BSC and Base were not impacted. Additionally, IoTeX Layer 1, user assets, and exchange assets remain secure.
IoTeX explains that due to a validator wallet leak, an attacker gained control and upgraded the validator contract to a malicious version, bypassing all signature and validation checks. After the validator layer was compromised, the attacker took control of MintPool (token minting) and TokenSafe (reserve assets), minting 410 million CIOTX tokens and withdrawing approximately $4.4 million worth of various tokens from the bridge reserve. Currently, over 86% of all minted tokens have been locked or are in the process of being frozen. Another 12.8% (52.4 million IOTX) has been traced to Binance and is actively being frozen in cooperation with Binance and trading partners. Additionally, 0.4% (1.7 million) was traded on DEX. The attacker converted the stolen reserve tokens into approximately 2,183 ETH, of which about 1,572 ETH was converted into Bitcoin via THORChain, and all the Bitcoin has been spent.
IoTeX states that the ioTube bridge will be suspended across all chains until a comprehensive, independent security audit is completed. Furthermore, a community AMA will be held within 24-48 hours, and a detailed compensation plan will be announced within 48 hours.
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
Data: If ETH breaks through $2,168, the total liquidation strength of long positions on mainstream CEXs will reach $624 million.
ChainCatcher reports that, according to Coinglass data, if ETH breaks through $2,168, the total liquidation strength of long positions on major CEXs will reach $624 million. Conversely, if ETH drops below $1,964, the total liquidation strength of short positions on major CEXs will reach $305 million.
GateNews1h ago
Bitcoin Price Predictions Flip Bullish, But Ethereum Is Still Stuck
Predictors have turned bullish on Bitcoin's near-term price, suggesting a rise to $84,000 before a potential drop. However, analysts remain divided on sustainability, while sentiment for Ethereum is bearish, with expectations of a decline to $1,500.
Decrypt3h ago
Best Crypto to Buy Now: SOL and LINK Rally, but Pepeto Targets 100x as Ethereum Foundation Plans to Make ETH the Trust Layer for AI
The Ethereum Foundation just announced plans to position the network as the trust layer for artificial intelligence, with the foundation’s AI lead saying ETH will act as the coordination and verification layer in an increasingly AI mediated world, and when the biggest smart contract platform on
CaptainAltcoin3h ago
Data: In the past 24 hours, the entire network has liquidated $339 million, with long positions liquidated at $182 million and short positions at $157 million.
ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $339 million, with long positions liquidated at $182 million and short positions at $157 million. Among these, Bitcoin long positions were liquidated at $67.776 million, Bitcoin short positions at $69.678 million, Ethereum long positions at $38.385 million, and Ethereum short positions at $50.239 million.
GateNews3h ago
ETH short-term decline of 1.12%: macro liquidity disturbances and whale position reduction resonance intensify volatility
On March 5, 2026, from 16:00 to 16:15 (UTC), the price of Ethereum (ETH) recorded a -1.12% return within 15 minutes, with a price range of 2056.69 to 2087.34 USDT, and an amplitude of 1.47%. Market attention during this period significantly increased, volatility intensified, mainstream coins experienced a synchronized pullback, and short-term traders engaged in frequent speculative battles.
The main driver of this fluctuation is macro-level liquidity disturbances. As the Federal Reserve's interest rate decision approaches and the U.S. non-farm payroll data is set to be released on March 6, the market shows divergence in the pace of rate cuts, prompting some short-term funds to choose
GateNews3h ago
