IoTeX has confirmed a major security breach, disclosing that a private key tied to its token safe was compromised and $8.8 million in assets were drained. Security teams are rushing to contain the damage. What happened? pic.

IoTeX has confirmed a major security breach, disclosing that a private key tied to its token safe was compromised and $8.8 million in assets were drained.

Security teams are rushing to contain the damage.

What happened? pic.twitter.com/hlHX4UdHLC

— Cryptopolitan (@CPOfficialtx) February 22, 2026