IoTeX: Willing to offer a 10% bounty to hackers, requiring the return of $4.4 million stolen funds within 48 hours

DeepFlowTech · 2026-02-24T01:07:21+00:00

IoTeX proposes to offer a 10% white-hat bounty (approximately $440,000) to the hacker who stole its ioTube funds, provided they return the stolen $4.4 million within 48 hours. The attack is believed to have originated from a validator private key leak. IoTeX has tracked the funds and upgraded the mainnet to prevent further losses.

DeepFlowTech

2026-02-24 01:07:21

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Deep Tide TechFlow News, February 24 — According to CoinDesk, IoTeX is willing to offer a 10% white-hat bounty (approximately $440,000) to hackers who steal funds from its cross-chain bridge ioTube, on the condition that the hackers return about $4.4 million of stolen funds within 48 hours. IoTeX co-founder and CEO Raullen Chai stated that if the funds are returned, no legal action will be taken.

Reports indicate that the attack occurred on February 21, stemming from the leakage of the validator private key on the ioTube Ethereum side. Experts describe this as an operational security lapse rather than a flaw in the Layer 1 blockchain or smart contracts. IoTeX has tracked the stolen funds, confirmed a Bitcoin address holding approximately 66.6 BTC, and launched a mainnet upgrade with a default blacklist that will include malicious addresses. However, experts warn that assets exchanged and bridged across chains may be difficult to recover.

IOTX6,63%

ETH-5,08%

BTC-4,8%

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