IoTeX reports containing a hack with losses around $2 million, disputing higher estimates, and collaborates with exchanges and law enforcement to freeze stolen assets.
IoTeX stated it contained a hacking incident with losses estimated at approximately $2 million, challenging on-chain analyst reports suggesting $4.3 million was stolen. The blockchain platform coordinated with major cryptocurrency exchanges and law enforcement to freeze the stolen funds and limit further damage. The company described the event as a contained security breach, emphasizing its rapid response and dispute over speculative loss figures.