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
TRON Expands AI Strategy with Launch of Onchain ‘Bank of AI’ Financial Layer
TRON introduces Bank of AI that allows autonomous agents to pay, administer assets, and transact onchain without human intervention.
Bank of AI will add x402 payments, 8004 identities, and DeFi access, which will enable developers to create AI agents that engage in real Web3 markets.
TRON
CryptoNewsFlash2h ago
Crypto Markets Surge Amid Middle East Tensions and Whale Accumulation
Bitcoin surges as geopolitical tensions and whale accumulation drive traders toward safe-haven strategies.
Iranian strikes on Ras Tanura refinery spike oil volatility, fueling crypto risk-off flows and market caution.
Altcoins, tokenized gold, and meme coins rally amid FOMO, social hype, an
CryptoFrontNews2h ago
Ripple Prime Prepares to Move Post-Trade Volume to the XRPL - U.Today
Ripple's acquisition of Hidden Road has established its presence in Wall Street's clearing system, enabling the transfer of institutional post-trade volumes to the XRP Ledger, enhancing efficiency and leveraging the firm's $1.25 billion investment.
UToday3h ago
Ripple CTO Confirms Valid XRP Transactions Can’t Be Blocked
David Schwartz clarified the XRP Ledger's decentralized transaction finality and escrow mechanics, emphasizing that no single party can block transactions or control escrowed funds. He addressed centralization concerns, affirming that validators cannot manipulate transactions, maintaining protocol-driven operations.
CryptoFrontNews3h ago
Octra Network Just Made Private AI Contracts Go On-Chain
_Octra Network deploys on-chain FHE machine learning with governance and zero-knowledge verification, letting anyone run private ML inference directly on-chain._
Octra Network has pushed something that most blockchain developers said was years away. A fully homomorphic encryption machine learnin
LiveBTCNews4h ago
Citrea Launches Foundation to Advance Bitcoin’s Programmable Future
Citrea has launched the Citrea Foundation to enhance Bitcoin's programmable ecosystem, focusing on open-source development, community involvement, and capital market functionality. The foundation aims to promote decentralization, fund research, and support developers while advancing Bitcoin's role in financial markets.
ICOHOIDER5h ago
