iotex

Upbit has lifted the trading warning for IoTeX (IOTX). Upbit communicated with the IOTX team and received information regarding the security incident and subsequent response measures, which were reviewed. As a result, it was determined that the reasons for designating the trading warning have been eliminated.

Analysts say that the IoTeX private key may have been leaked, resulting in asset losses of approximately 4.3 million dollars; IoTeX officials reported on-chain attack losses of about 2 million dollars.

According to market news, due to the attack on the ioTube cross-chain bridge and the unauthorized minting of CIOTX on the Ethereum side, IoTeX plans to immediately discontinue CIOTX on Ethereum/Base/Solana and permanently close the related bridge, with the minted coins by the attacker not being recognized; compliant holders need to submit the transfer hash through the claims portal, and after verification, IOTX will be issued on the IoTeX chain at a 1:1 ratio.BSC/Polygon/IoTeX were not affected by the minting, and the bridge will be reopened for users to migrate back to IOTX after an audit, and then permanently taken offline; notifications will be sent to CEX/DEX/DeFi for the complete delisting or removal of CIOTX integration.

The IoTeX Foundation has announced the latest tracking and full compensation plan regarding the ioTube cross-chain bridge security incident. The team stated that they have completed a full-chain tracking of the stolen funds, with most CIOTX already frozen on-chain, and the remaining assets mainly converted to approximately 2,183 ETH and transferred to the Bitcoin network. The related BTC addresses are currently under monitoring.The foundation promises 100% compensation for all users who held USDC, USDT, ETH, and WBTC bridged from Ethereum to IoTeX at the time of the incident: users with losses of $10,000 or less can receive a full one-time payout; users with losses exceeding $10,000 will receive an immediate payout of the first $10,000, while the excess amount will be distributed over four quarters, along with an additional 10% compensation issued in the form of 12-month staked IOTX. The platform will open the official recovery address and Claims Portal on February 27, and users need to consolidate the affected assets and transfer them in one go, submitting on-chain transaction information to complete the verification and compensation process.

According to official news from IoTeX, the IoTeX mainnet has fully resumed operation on February 24 at 06:06 (UTC). Previously, the IoTeX team, along with node representatives, deployed the Mainnet v2.3.4 security upgrade, permanently freezing approximately 45 million IOTX in 29 attacker wallets.According to on-chain forensic analysis, although the attackers minted 410 million CIOTX, 99.5% of the assets have been frozen or locked. The actual economic loss is approximately 4.4 million USD, and the attackers have converted these assets into 66.78 BTC, currently stored in four Bitcoin addresses.The IoTeX Foundation has committed to providing 100% compensation to all affected users from the foundation's treasury and has submitted a formal report to U.S. law enforcement agencies. To prevent similar incidents from occurring again, IoTeX is implementing multiple security upgrades, including transitioning to decentralized bridge governance, multi-signature control, and on-chain circuit breaker measures.

IoTeX announced on platform X that after suffering a hacker attack due to a suspected private key leak, L1 has resumed online operations and completed an upgrade. The new version v2.3.4 includes an automatic filtering feature for malicious EOA addresses in the default blacklist to enhance network security. A comprehensive compensation plan for the affected bridging users will be announced within 24 hours.

IoTeX announced a 10% white hat bounty (approximately $440,000) for the hacker who attacked its ioTube cross-chain bridge, provided that the hacker returns the approximately $4.4 million in stolen assets within 48 hours.IoTeX co-founder and CEO Raullen Chai stated that if the funds are returned, the team will not pursue legal action and will not disclose the identity to law enforcement agencies.

According to official news, the South Korean cryptocurrency exchange Upbit has announced that it will list IoTeX (IOTX) as a trading warning item. Currently, the deposit and withdrawal channels have been closed, and in the future, only withdrawal services will be restored.

IoTex has released an update on the recent hacker attack involving private key leaks on the X platform, stating that the team has controlled the related security incident. IoTeX Chain is currently reinforcing security, and it has been confirmed that the 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 attack planned for a long time by professional attackers, targeting multiple blockchain networks. IoTeX is working closely with exchanges and law enforcement agencies to attempt to freeze the stolen funds and advance the investigation and recovery efforts. On-chain operations and deposit functions will be restored within 24-48 hours after the completion of security upgrades, and it has also promised to maintain transparency in disclosing progress going forward.

IoTeX announced on platform X that it has noticed recent reports of suspicious activities regarding the IoTeX token vault. The team is assessing and managing the situation.Preliminary estimates indicate that potential losses are far below the rumored amount. IoTeX has coordinated with major exchanges and security partners to actively assist in tracking and freezing the hacker's assets. The situation is now under control, and IoTeX will continue to monitor and update the community on progress.

On-chain analyst Specter posted on the X platform, stating that IoTeX may have experienced a private key leak incident, with all assets in its token safe being transferred out by attackers, resulting in a total loss of approximately $4.3 million.On-chain data shows that the attackers transferred multiple contract assets, including USDC, USDT, IOTX, PAYG, WBTC, and BUSD. Subsequently, the stolen assets were exchanged for ETH, of which about 45 ETH have been transferred to the Bitcoin network via a cross-chain bridge. The incident is still under further confirmation.

IoTeX today announced that it has achieved compliance with the MiCA (Markets in Crypto-Assets) regulation across all 27 member states of the European Union and has officially released a white paper for IOTX that meets MiCA regulatory requirements, becoming one of the few blockchain infrastructure platforms to gain regulatory clarity across the EU.MiCA is the first unified regulatory framework introduced by the EU for crypto assets, aimed at establishing consistent standards for the disclosure, issuance, and support of digital assets, providing legal certainty for the long-term development of the crypto industry in Europe. With compliance completed, compliant exchanges, custodians, and enterprise users within the EU will be able to support IOTX assets and their ecological applications in a unified regulatory environment, significantly lowering the barriers for institutional access.This milestone not only significantly enhances the global compliance credibility of IOTX but also lays a solid foundation for IoTeX to promote the scaling of "Machine Economy" and "Real World AI" applications in Europe, accelerating deep collaboration and long-term expansion between IoTeX and European enterprises, financial institutions, and infrastructure partners.

ChainCatcher message, IoTeX stated on platform X that Binance has clarified that the displayed IOTX token price of "0" dollars is due to a user interface display and system issue, and does not reflect actual market trading activity. The price chart is being corrected.Subsequent measures include: 1. Collaborating with CEX and market-making partners to enhance liquidity; 2. Launching a foundation-led program, including token buybacks; 3. Introducing a community reward program with token incentives to give back to community supporters, regain value, and grow together with the network.

ChainCatcher message, this morning, the price of IOTX on Binance briefly fell to 0 USD, and has now rebounded to 0.01354 USD. In response, the IoTeX official team stated that they have noticed this extreme market fluctuation and confirmed that the IoTeX network and all on-chain assets are completely safe and operating normally.The official team is closely monitoring the market situation and coordinating with partners to ensure stability.

ChainCatcher news, according to official sources, IoTeX announced a partnership with Nasdaq-listed electric vehicle company U Power ($UCAR) to integrate its battery swapping and charging infrastructure into the blockchain network, achieving tokenization of real-world assets (RWA).The collaboration aims to optimize energy facility management processes through on-chain technology and explore pathways for the digital value release of physical assets.

ChainCatcher news, according to official sources, HabitTrade announced technical architecture support for the real-world asset (RWA) collaboration between IoTeX and UPower. This partnership focuses on building a framework that integrates crypto assets with equity, aiming to establish infrastructure for cross-industry asset circulation.HabitTrade stated that it will continue to expand collaboration with traditional enterprises and builders, deepening the application of RWA in cross-border scenarios. Technical details and capital operation models will be gradually disclosed based on project progress.

According to ChainCatcher news and PR Newswire, electric vehicle infrastructure company U Power Limited (NASDAQ: UCAR) announced a strategic partnership with IoTeX. As an open ecosystem platform driven by DePIN and AI, both parties will work together to expand the DePIN infrastructure network and advance the tokenization of real-world assets (RWA) on the blockchain.This collaboration will promote the on-chain registration, asset tokenization, and full lifecycle management of UCAR's charging and battery swapping station facilities, unlocking the liquidity and programmability of infrastructure assets, marking the first large-scale implementation of DePIN and AI-driven blockchain technology in the physical energy network.Both parties also plan to incorporate IOTX into UCAR's long-term asset reserve system and will engage in deep business integration around mobility infrastructure, jointly creating an RWA tokenization operation mechanism centered on IOTX as the core value.

ChainCatcher news, IoTeX officially releases its AI strategic upgrade, launching an open-source "Physical AI" ecosystem aimed at transforming hundreds of millions of connected devices worldwide into a real-time data engine for AI with decentralized infrastructure nodes.The core highlight of this upgrade is the newly launched Realms—an "autonomous knowledge body" built on trustworthy on-chain data, continuously integrating real-time data from real-world devices, sensors, and humans to generate actionable real-time AI intelligence for key areas such as transportation, energy, health, and robotics.This strategic upgrade also integrates the IoTeX Layer 1 blockchain, ioID identity protocol, Quicksilver AI framework, and $IOTX incentive mechanism, constructing a complete "Physical AI" technology stack.IoTeX is accelerating the transition of AI from data silos to open collaboration, enabling every device and user to participate in the evolution of AI, empowering the deep integration of AI with the real world, and jointly building a sustainable collective intelligence new economy.

ChainCatcher news, according to the official announcement, Binance is expected to suspend the token deposit and withdrawal services for IoTeX (IOTX) network on June 19, 2025, at 8:28 AM (UTC+8) to support its network upgrade and hard fork. This move aims to provide users with a quality experience.The project team will carry out the network upgrade and hard fork at block height 36,893,881 (expected on June 19, 2025, at 9:28 AM UTC+8).

ChainCatcher news, according to official information, due to the IoTeX (IOTX) hard fork, Upbit will suspend its deposit and withdrawal services.