IoTeX confirms ‘suspicious activity’ involving token safe, says losses contained

IoTeX said it is assessing suspicious activity tied to a token safe, coordinating with exchanges to trace funds after analysts linked the incident to a possible private key compromise.

Decentralized identity protocol IoTeX has confirmed that it is investigating unusual activity tied to one of its token safes after onchain analysts flagged a possible security incident.

In a Saturday post on X, the project said its team was “fully engaged, working around the clock to assess and contain the situation.” IoTeX added that early estimates indicate the potential loss is lower than circulating rumors and that it has coordinated with major exchanges and security partners to trace and freeze funds linked to the attacker.

“The situation is under control. We will continue to monitor closely and provide timely updates to the community,” the project said.

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