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
Billions Network launches Verified Agent Identity Skill for the OpenClaw platform and initiates the first AI agent reward program
Billions Network recently launched the Verified Agent Identity feature, providing AI agents with a real and traceable identity, utilizing zero-knowledge proof technology to protect privacy. It aims to address the AI identity crisis and enhance accountability. This feature has been adopted by multiple organizations and is jointly launching the FAIAR program to reward agents using this feature.
GateNews21m ago
Western Union partners with Crossmint to launch the USD stablecoin USDPT on Solana
Odaily Planet Daily reports that Western Union and Crossmint have partnered to launch the USDPT stablecoin on the Solana blockchain. (Solid Intel)
GateNews29m ago
X Money's first interface debuts, Elon Musk hints that cryptocurrency integration is coming soon?
X (formerly Twitter) officially launched the X Money interface, marking its transformation into a financial super app. The platform supports sending and receiving funds, payment requests, and offers up to 6% annualized returns, with plans to integrate cryptocurrency features in the future. Analysts believe this move will accelerate the adoption of stablecoins and have a significant impact on the digital asset payment ecosystem. X Money has obtained remittance licenses in multiple U.S. states, indicating a large-scale rollout is imminent.
GateNews39m ago
Bitwise Sends $233,000 From $2.7B Bitcoin ETF to BTC Developers: Here’s Why
_Bitwise sent $233K from its $2.7B Bitcoin ETF to fund Bitcoin developers. Here’s what the donation covers and why it matters._
Bitwise Asset Management has made its second annual Bitcoin developer donation.
The crypto asset manager confirmed a $233,000 contribution drawn from profits of its B
LiveBTCNews52m ago
Visa, ANZ Bank, China Asset Management, and Fidelity International have completed a cross-border settlement solution based on Chainlink
Visa, ANZ Bank, China Asset Management, and Fidelity International have completed a cross-border settlement solution based on Chainlink, utilizing the e-HKD program to achieve compliant and secure asset transfers, automated tokenized fund issuance, and real-time identity credential verification.
GateNews2h ago
Bitwise donates $230,000 to support Bitcoin open-source developers, funded by BITB profits.
Digital asset investment firm Bitwise Asset Management announces a donation of $233,000 to support Bitcoin open-source developers. The funds come from profits of its spot Bitcoin exchange-traded fund and will be distributed to three non-profit organizations to promote Bitcoin project development.
GateNews2h ago
