PANews|Feb 23, 2026 07:38
IoTeX: Only 0.4% of the 410 million CIOTX minted by attackers are still at risk, with over 86% locked or frozen
The IoTeX team announced in a tweet that on February 21st, they discovered an attack on the Ethereum side of their multi chain bridge ioTube. The attacker stole 410 million CIOTX tokens and approximately $4.4 million in assets through a four step operation. Currently, over 86% of CIOTX have been locked or frozen, 12.8% (52.4 million CIOTX) are working with Binance and others to freeze some funds, and only 0.4% (1.7 million CIOTX) are still at risk after being exchanged on DEX. In the bridge reserve funds, attackers will exchange stolen reserve tokens (including USDC, USDT, WBTC, WETH, and other assets) for approximately 2183 ETH. 1572 ETH has been transferred to the Bitcoin network through THORChain.
The IoTeX team has taken urgent measures, including fixing patch distribution, freezing relevant addresses, and collaborating with exchanges to freeze funds. The ioTube bridge service will be restored after completing an independent security audit, and compensation plans and security upgrade measures will be introduced. The team promises to fully ensure the safety of community assets and will release a more detailed compensation plan and hold a community AMA within the next 48 hours.
Previously, it was reported that approximately $2 million worth of assets were stolen from IoTeX, and it is expected to resume operation within 48 hours. Upbit has included IoTeX (IOTX) as a transaction alert item.
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