IoTeX: Previous On-Chain Attack Resulted in $2 Million Loss, Expected to Resume Operations Within 48 Hours

Odaily News: IoTeX posted on platform X with an update on the previous private key leak hacking incident. The post stated that the team has gained control over the related security event, the IoTeX Chain is currently undergoing security reinforcement, and the confirmed loss from this attack is approximately $2 million, involving assets such as USDC, USDT, IOTX, and WBTC.

It is reported that this was a complex, long-planned attack by professional attackers, targeting multiple blockchain networks. IoTeX is closely cooperating with exchanges and law enforcement agencies in an attempt to freeze the stolen funds and advance the investigation and recovery efforts. On-chain operations and deposit functions are expected to resume within 24 to 48 hours after the security upgrade is completed. IoTeX also committed to maintaining transparent disclosure of progress moving forward.