IoTeX Releases Proposal IIP-56: The Entire Network Will Discontinue CIOTX, and the Attacked Chain Will Switch to Claims to Reclaim IOTX

IOTX5,22%
SOL5,96%

PANews, February 27 — According to IoTeX’s announcement, due to the attack on the ioTube cross-chain bridge on February 20, which resulted in unauthorized minting of CIOTX on the Ethereum side, CIOTX will be immediately deprecated on Ethereum, Base, and Solana, and the related bridges will be permanently shut down. The attacker’s minted tokens will not be recognized. Compliant holders are required to submit transfer hashes through the claim portal; after verification, IOTX will be issued on the IoTeX chain at a 1:1 ratio. BSC, Polygon, and IoTeX were not affected by the minting incident and will reopen the bridges after auditing for users to migrate IOTX back independently, then will be permanently taken offline. Additionally, CEXs, DEXs, and DeFi platforms will be notified to delist or remove CIOTX integration.

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

Drift Protocol: begins developing a recovery plan, participates in the STRIDE security program

Drift Protocol is developing a recovery plan to stabilize the situation and protect affected users, and to participate in the STRIDE security program by the Solana Foundation. This attack was orchestrated by a North Korean intelligence organization named AppleJeus, involving social engineering and technical infiltration, resulting in an estimated loss of about $285 million in funds, highlighting that the DeFi ecosystem faces major security challenges.

MarketWhisper32m ago

The market predictor ADI Predictstreet will launch on April 9, and has become the official World Cup 2026 partner.

Gate News update: On April 8, according to the ADI Predictstreet official website, the prediction market platform ADI Predictstreet will go live officially on April 9. Previously, the platform had reached a multi-year cooperation agreement with FIFA, becoming the official prediction market partner for the 2026 World Cup.

GateNews37m ago

Drift Protocol announced a hacker incident recovery plan and will participate in the Solana Foundation STRIDE security mechanisms

Gate News update: On April 8, Drift Protocol posted an update on the incident response process for the hack. Drift said that it is currently actively working with asymmetric research and OtterSec to develop a coordinated and aligned recovery plan. At this stage, the primary focus is to stabilize the situation and provide protocol-level assurances for all affected users and partners. In addition, Drift will participate in a security mechanism under the Solana Foundation.

GateNews37m ago

Jupiter launches a token verification API, supporting integration with Launchpad, DEX, and AI agents

The decentralized exchange aggregator Jupiter launched a Token Verification API (VRFD) on April 8, allowing developers to implement programmatic verification during token creation. The API uses a three-step process; developers must burn 1,000 JUP tokens to submit a verification request, and it requires no Gas fees. The initiative aims to become the standard foundational infrastructure for Solana projects.

GateNews1h ago

Sky Protocol proposes two major structural upgrade plans to strengthen the capital protection framework

Sky Governance submitted two upgrade proposals on April 7, aiming to strengthen the protocol’s capital protection by implementing a stronger solvency-capability buffer and a sustainable staking rewards model, improving long-term stability and focusing on credibility rather than short-term returns.

GateNews1h ago

DeepSeek launches two new features: a quick mode and an expert mode

Gate News message, April 8, DeepSeek’s website and app launched two new modes early this morning. Among them, the Quick mode is for everyday conversation scenarios, providing instant responses; the Expert mode is designed for complex problems and supports deep-thinking functionality, but it requires waiting during peak hours and does not support attachment or voice upload.

GateNews2h ago
Comment
0/400
No comments