IoTeX Updates on ioTube Bridge Hack: Most Stolen Tokens Frozen

IoTeX has given an replace on the ioTube Bridge hack, which occurred on February 21, 2026, when the Ethereum-side bridge was compromised. Co-Founder Raullen shared particulars on X concerning the stolen belongings, restoration efforts, and when the bridge is predicted to restart.

February 21: The hack

The breach concerned a validator proprietor key on the Ethereum-side bridge. The attacker moved approximately $4.3 million in belongings, together with IOTX tokens minted through the bridge and different reserve belongings.

Tokens have been despatched by way of THORChain into a number of Bitcoin wallets. Community validators paused the bridge rapidly to forestall additional losses.

IoTeX confirmed that its Layer 1 blockchain, consensus mechanism, and native good contracts weren’t affected. Solely the Ethereum-side bridge contracts have been compromised. Bridges on Binance Sensible Chain, Base, and different supported networks have been unaffected.

“The IoTeX L1 chain, its consensus mechanism, and all native good contracts have been NOT compromised. The exploit was remoted to ioTube’s Ethereum-side bridge contracts.”

February 22: First replace

Following the hack, IoTeX shared its first update on X. The co-founder defined that the stolen belongings fall into two classes:

Non-IOTX Bridge Reserve Property

These are being traced and recovered with the assistance of prime blockchain safety corporations and legislation enforcement.

IOTX Tokens Minted through the Compromised Bridge

Round 80-90% of those tokens are frozen on chains with no liquidity. They can’t be offered, so they won’t have an effect on the market. The remaining tokens are being coordinated with exchanges and buying and selling platforms to freeze them as properly.

February 23: Newest replace

Within the newest update, the community stated that the chain restart is in remaining testing.

The community confirmed:

• Frozen IOTX tokens are safe and can’t be moved.
• Non-IOTX belongings are being traced and recovered.
• A full incident report and restoration plan might be launched as soon as prepared.

“We are going to proceed to share clear updates because the state of affairs progresses.”

Restoration and subsequent steps

IoTeX is taking a number of actions to deal with the incident:

• Freezing remaining IOTX tokens with exchanges.
• Working with blockchain safety corporations and legislation enforcement to get well different stolen belongings.
• Finishing testing for a protected restart of the bridge.
• Publishing an in depth incident report and restoration plan.

Background

The ioTube bridge lets customers transfer tokens between IoTeX and different blockchains. Solely the Ethereum-side bridge was affected. Different bridges, like Binance Sensible Chain and Base, stayed safe.

The hack exhibits the dangers bridges can face. A lot of the stolen tokens are actually frozen, so the market impression is restricted.

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