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
Paraguay Taps Seized Bitcoin Miners to Monetize Power
Paraguay plans to utilize seized Bitcoin miners and excess hydropower from the Itaipu Dam for state revenue through a partnership with Morphware. The initiative aims to monetize unused energy while addressing cybersecurity risks associated with managing mined Bitcoin.
CryptoFrontNews2h ago
Who Is Tom Lee? The Ethereum Saylor Behind Bitmine
Tom Lee has led Bitmine in accumulating over 4.4 million ETH, making it the second-largest crypto treasury. Despite substantial unrealized losses, Bitmine's strategy includes staking and diversifying into other investments.
CryptoFrontNews4h ago
Eric Trump Celebrates: The family mining company American Bitcoin's holdings surpass 6,500 Bitcoins! Ranks 17th in the world for most crypto holdings
Donald Trump's second son, Eric Trump, announced that his family's Bitcoin mining company, American Bitcoin, has surpassed 6,500 BTC holdings, making it the 17th largest publicly traded Bitcoin company in the world. In the past 21 days, the company has added over 500 BTC, demonstrating the Trump family's expansion commitment in the cryptocurrency space. The company plans to purchase new mining machines to enhance mining capacity.
動區BlockTempo5h ago
Pi Network’s v19.9 Mainnet Upgrade Just Changed Everything
_Pi Network’s v19.9 mainnet migration is done. Node operators are already eyeing v20.2 before Pi Day 2026. What does this mean?_
Pi Network just crossed a line most projects talk about for years. Protocol v19.9 mainnet migration is done. Confirmed. The Pi Core Team announced the completion
LiveBTCNews5h ago
UniSat will launch an Ordinals system upgrade to strengthen infrastructure and product experience
UniSat will undergo a system upgrade to enhance the standardization of the Ordinals ecosystem and on-chain data expression capabilities. The upgrade will include indexing, protocol support, product and API layers, and is expected to be completed in the coming weeks. It will support Traits features, enhance wallet functionality and inscription processes, and optimize the transaction experience.
GateNews6h ago
X Money may soon undergo limited external testing, and X Payments has been registered with FinCEN.
Elon Musk reposted a tweet revealing that X Money will revolutionize personal financial management. It has already undergone closed testing within the company and is expected to conduct limited external testing and obtain remittance licenses in multiple states. X Money will enable wallet top-ups, peer-to-peer payments, and bank transfers, with potential future expansion to debit card payments and other financial services.
GateNews7h ago
