IoTeX confirms private key breach draining token vault, disputes SpecterAnalyst $8.8M loss estimate, orchestrating exchange freezes on stolen funds

IoTeX said a private key tied to its bridge infrastructure was compromised, allowing an attacker to access the project’s token vault and move assets out of the ioTube cross-chain system. The incident was first framed by on-chain analysts as roughly an $8.8 million loss, but IoTeX disputed that figure and said the confirmed direct damage was materially lower, while it worked with exchanges and security partners to freeze or recover stolen funds.

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