Hot Gossip from the Blockchain
- Frosty Reception: 80-90% of the stolen IOTX tokens are now chilling in a digital freezer, market impact? Brrr.
- Detective Work: Non-IOTX assets are on a wild goose chase with blockchain Sherlocks and the feds.
- Bridge Over Troubled Water: Ethereum-side bridge is almost ready for its comeback tour, full drama report incoming.
So, IoTeX had a little oopsie on February 21, 2026, when their Ethereum-side bridge decided to throw a party and invite a hacker. Co-founder Raullen spilled the tea on X about the stolen goodies, the cleanup crew, and when the bridge will stop sulking and get back to work.
February 21: The Night of the Sneaky Validator
Apparently, a validator owner key got a bit too friendly with the wrong crowd, and boom-$4.3 million in assets took a field trip. IOTX tokens and other reserves packed their bags and headed to THORChain, then split into Bitcoin wallets faster than you can say “blockchain drama.”
Luckily, the network validators hit the pause button before the party got too wild. IoTeX assured everyone their Layer 1 blockchain is still the cool, unaffected kid in the corner. Only the Ethereum-side bridge contracts got the messy makeover.
“Our L1 chain? Still slaying. Consensus mechanism? Unbothered. Native smart contracts? Living their best life. The drama? Strictly an ioTube Ethereum-side bridge thing.”
February 22: The Morning After
IoTeX woke up, checked their DMs, and was like, “Oh no, we need to X this.” The co-founder broke it down: stolen assets are basically in two piles-the “Oops, Not Ours” and the “Our Tokens, But Frozen” categories.
The “Oops, Not Ours” Pile
These are on a wild adventure with blockchain security firms and law enforcement. Spoiler alert: they’re coming home.
The “Our Tokens, But Frozen” Pile
80-90% of these IOTX tokens are stuck in a digital time-out with zero liquidity. Can’t sell, can’t trade, can’t even flex. The rest? Exchanges are on freeze duty, so no market tantrums here.
February 23: The Plot Thickens
Latest update: the bridge is in final dress rehearsal for its grand return. IoTeX confirmed:
- Frozen IOTX tokens are more secure than your ex’s Instagram.
- Non-IOTX assets are on a blockchain scavenger hunt.
- A full incident report and recovery plan are brewing, stay tuned for the tea.
“Transparency is our middle name. Well, not really, but we’re rolling with it.”
The Cleanup Crew
IoTeX is on a mission:
- Freezing the last of the IOTX tokens like they’re yesterday’s leftovers.
- Teamwork makes the dream work-blockchain security firms and law enforcement are on speed dial.
- Bridge testing is almost done, because no one likes a flaky comeback.
- A detailed incident report is coming, because who doesn’t love a good post-mortem?
The Backstory
The ioTube bridge is basically the Uber of tokens, shuttling them between IoTeX and other blockchains. Only the Ethereum-side bridge got carjacked. The others? Still cruising smoothly. This hack is a reminder that bridges can be drama magnets, but hey, most of the stolen tokens are now on ice, so the market’s just sipping its tea.
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2026-02-23 13:02