IoTeX Confirms $2M Loss from Recent Chain Attack, Aims to Restore Operations in 48 Hours

Odaily Planet Daily reports that IoTeX has posted on X platform with an update on the recent private key compromise incident, stating that the team has contained the security incident and is strengthening the security of the IoTeX Chain. The attack has been confirmed to have resulted in losses of approximately $2 million, involving assets such as USDC, USDT, IOTX, and WBTC.

It is understood that this was a sophisticated, long-planned attack by professional actors targeting multiple blockchain networks. IoTeX is closely collaborating with exchanges and law enforcement agencies to freeze stolen funds and advance the investigation and recovery efforts. On-chain operations and deposit functions will be restored within 24 to 48 hours after the security upgrade is completed, and the team has committed to ongoing transparent updates on progress.