IoTeX Confirms Token Safe Breach After Suspected Private Key Compromise

IoTeX confirmed a security incident involving an internal “token safe” after analysts linked unauthorized transfers to a suspected private key compromise; the team said it is investigating the suspicious activity and coordinating with exchanges to trace stolen assets ^[2][4][5].

Reported loss estimates differ across outlets: one Coinpedia report put the loss at about $8 million, while a separate Coinpedia article cited roughly $8.8–9 million; Cointelegraph published a lower figure of about $4.3 million, and LiveBitcoinNews said early estimates appeared smaller than initial rumors ^[1][3][5][2].

The breach reportedly affected the IoTeX bridge and coincided with a dip in the IOTX token price as teams traced outflows; IoTeX described the situation as “under control” while investigations continue ^[3][4].

IoTeX continues to investigate and coordinate with partners and exchanges; the project said it will provide updates as tracing and remediation efforts proceed ^[2][4].