• IoTeX confirms ‘suspicious activity’ involving token safe, says losses contained IoTeX said it is assessing suspicious activity tied to a token safe, coordinating with exchanges to trace funds after analysts linked the incident to a possible private key compromise. • Cointelegraph in your social feed Decentralized identity protocol IoTeX has confirmed that it is investigating unusual activity tied to one of its token safes after onchain analysts flagged a possible security incident. • In a Saturdayposton X, the project said its team was “fully engaged, working around the clock to assess and contain the situation.” IoTeX added that early estimates indicate the potential loss is lower than circulating rumors and that it has coordinated with major exchanges and security partners to trace and freeze funds linked to the attacker. • “The situation is under control. • We will continue to monitor closely and provide timely updates to the community,” the project said. • IoTeX’s native token (IOTX) dropped following the incident, with the price sliding more than 8% over 24 hours to around $0.0049, according to data from CoinMarketCap.
Article Summaries:
- IoTeX announced it is investigating unusual activity on one of its token safes after on‑chain analysts flagged a potential security breach. The project said its team is working around the clock to assess and contain the situation, and that early estimates suggest losses are lower than circulating rumors. IoTeX has coordinated with major exchanges and security partners to trace and freeze the attacker‑linked funds. The native IOTX token fell more than 8 % in 24 hours, trading near $0.0049. On‑chain sleuth Specter reported a private key compromise that drained roughly $4.3 million in various tokens, which were then swapped into ETH and partially bridged to Bitcoin.
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