Well, butter my biscuit and call me surprised-IoTeX just got a masterclass in the fine art of digital pickpocketing. On February 21, a crafty miscreant waltzed in, waved a compromised private key like a magic wand, and poof-over $2 million in crypto assets vanished faster than a politician’s promise.
- The drama unfolded between 7 and 9 AM UTC, prime time for coffee and, apparently, crypto heists. Our villain gained full access to IoTeX’s TokenSafe and MinterPool contracts, because who doesn’t love a good morning heist?
- On-chain analyst Specter, the Sherlock Holmes of blockchain, was first to shout, “The game’s afoot!” reporting a jaw-dropping $4.3 million in USDC, USDT, IOTX, WBTC, PAYG, and BUSD gone missing. Elementary, my dear Specter.
- But wait, there’s more! The thief, clearly not one to rest on their laurels, swapped the loot for ETH and then bridged 45 ETH to Bitcoin via THORChain. Because why stop at one blockchain when you can have a heist tour?
- Oh, and let’s not forget the cherry on top: 9.3 million CCS tokens, worth a cool $4.5 million, also took a one-way trip to the hacker’s wallet. Specter’s tally? A whopping $8.8 million in losses. Ouch.
- IoTeX co-founder Raullen Chai took to X (formerly known as Twitter, for those still living in 2023) to assure everyone that exchanges are freezing addresses faster than a Brit in winter. The IoTeX chain, he says, will be back up in 24-48 hours. Fingers crossed, eh?
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2026-02-22 00:05