PANews February 26 News, the IoTeX Foundation announced the latest tracking and full compensation plan for the security incident involving the ioTube cross-chain bridge that occurred on February 21. The team stated that they have completed full-chain tracking of the stolen funds. Most CIOTX tokens have been frozen on the chain, while the remaining assets have been converted into approximately 2,183 ETH and transferred to the Bitcoin network. The related BTC addresses are currently under monitoring. The foundation commits to 100% compensation for all users holding USDC, USDT, ETH, or WBTC bridged from Ethereum to IoTeX at the time of the incident: users with losses of $10,000 or less can receive a full payout in one go; users with losses exceeding $10,000 will receive an immediate payout of the first $10,000, with the excess distributed over four quarters, plus an additional 10% compensation paid in IOTX staked for 12 months. The platform will open the official recovery address and Claims Portal on February 27. Users need to consolidate their affected assets, transfer them once, and submit on-chain transaction information to complete verification and payout processes.
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
The "Logical Constitution" of Digital Life Survival Rights: DID's Fundamental Role in Cross-Track Trust Switches
The article discusses the shift of digital sovereignty from centralization to individual ownership, emphasizing technological advancements in Decentralized Identity (DID). The DID Alliance promotes global trust in identity through compatibility with W3C standards, the application of Zero-Knowledge Proofs (ZKP), and the construction of multi-chain resolution layers, while safeguarding user privacy and data sovereignty. This technical framework aims to replace the randomness of traditional institutions with mathematical certainty, thereby building an efficient and trustworthy digital civilization.
TechubNews1m ago
Vitalik Targets Block Building as Ethereum Prepares Glamsterdam Upgrade - Unchained
Vitalik Buterin raises concerns about the upcoming Glamsterdam upgrade's potential to centralize block-building power in Ethereum. He proposes safeguards like FOCIL to maintain transaction inclusion and discusses solutions to toxic MEV, emphasizing the need for decentralization in transaction processes.
UnchainedCrypto48m ago
Deloitte provides the initial reserve backing for Tether's USAT stablecoin
Odaily Planet Daily reports that Deloitte has provided the first reserve backing for Tether's USAT stablecoin. (Cointelegraph)
GateNews1h ago
Marc Zeller's ACI will exit Aave in July
Gate News bot message: According to The Block, ACI (Aave Chan Initiative), led by Marc Zeller, will exit Aave in July due to governance conflicts. ACI has previously been involved in governance work for the Aave protocol.
GateNews1h ago
