PANews
PANews|Feb 22, 2026 03:00
[IoTeX: Approximately $2 Million in Assets Stolen, Expected to Resume Operations Within 48 Hours] The IoTeX team has issued an announcement stating that they have contained the recent security incident and reinforced the security of the IoTeX chain. Preliminary data indicates that the attack resulted in losses of approximately $2 million, including USDC, USDT, IOTX, and WBTC. Investigations reveal that this incident was a complex attack orchestrated by professional hackers targeting multiple chains over a long period. The team is collaborating with exchanges and law enforcement agencies to freeze the stolen funds and conduct tracing and recovery efforts. On-chain operations and deposit functions are expected to resume within 24-48 hours, and the team will continue to provide transparent updates on the situation. Earlier reports from PeckShield indicated that the IoTeX hacker has started converting the stolen funds into ETH and swapping them for BTC via Thorchain.
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