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🔥IoTeX bridge hit by private key exploit
@iotex_io ’s cross-chain bridge infrastructure was compromised after an attacker gained access to a private key controlling TokenSafe and MinterPool contracts.
Onchain analysts estimate up to ~$8.8M affected, though IoTeX says current losses appear closer to ~$2M. Funds were swapped into $ETH and partially bridged to #Bitcoin via THORChain.
The attacker also minted large amounts of CIOTX and CCS tokens, but the team says most minted assets are frozen or deprecated. $IOTX dropped about 9% following the incident while recovery efforts continue.
@iotex_io ’s cross-chain bridge infrastructure was compromised after an attacker gained access to a private key controlling TokenSafe and MinterPool contracts.
Onchain analysts estimate up to ~$8.8M affected, though IoTeX says current losses appear closer to ~$2M. Funds were swapped into $ETH and partially bridged to #Bitcoin via THORChain.
The attacker also minted large amounts of CIOTX and CCS tokens, but the team says most minted assets are frozen or deprecated. $IOTX dropped about 9% following the incident while recovery efforts continue.
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