Post #11702

IoTeX Bridge Hacked: Losses Estimated $2M+ IoTeX has confirmed a exploit targeting its cross-chain bridge. According to the team, the confirmed losses amount to approximately $2M in USDC, USDT, IOTX, and WBTC – with some estimates suggesting the total damage could reach up to $8M. $IOTX dropped 23% to $0.0043 following the hack, with South Korean exchanges Upbit and Bithumb adding the token to their delisting watchlists. The team describes it as a sophisticated, long-planned attack carried out by professional actors and targeting multiple chains simultaneously. The situation has been contained and IoTeX is actively working with exchanges and law enforcement to freeze and recover stolen funds. Chain operations and deposits are expected to resume within 24–48 hours once security upgrades are finalized. @TOP7ICO