Three attacker addresses have been publicly identified so far.
IoTeX Says Actual Losses Are Lower
IoTeX confirmed the breach by 10:30 AM UTC and pushed back on the circulating estimates. The team stated that “initial estimates indicate the potential loss is significantly lower than circulating rumors suggest.”
The company added that it has “already coordinated with major exchanges and security partners, which are actively assisting in tracing and freezing the hacker’s assets.”
IOTX Price Reacts to the Exploit
IOTX is currently trading near $0.0049, down 9.2% over the last 24 hours, with daily volume surging over 507%.
This incident follows a rough stretch for cross-chain bridges in 2026. Just three weeks ago, CrossCurve lost $3 million in a separate bridge exploit, and January alone saw nearly $400 million in total crypto thefts industry-wide.
IoTeX says the situation is “under control” and has promised continued updates. Analysts are now watching whether the frozen funds can be recovered before the attacker moves them further.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
About Author
