IoTeX hit by private key exploit draining up to $8.8 million from bridge contracts

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IoTeX Bridge Hacked for $8 Million via Private Key Exploit On February 21, 2026, IoTeX's cross-chain bridge was compromised due to a private key exploit, resulting in the theft of over $8 million in cryptocurrency. The incident led to a significant dip in the value of the IOTX token as the crypto community reacted to the breach. This event highlights the increasing security risks associated with AI-focused blockchain networks. 9 sources 29