PANews February 26 News, the IoTeX Foundation announced the latest tracking and full compensation plan for the security incident involving the ioTube cross-chain bridge that occurred on February 21. The team stated that they have completed full-chain tracking of the stolen funds. Most CIOTX tokens have been frozen on the chain, while the remaining assets have been converted into approximately 2,183 ETH and transferred to the Bitcoin network. The related BTC addresses are currently under monitoring. The foundation commits to 100% compensation for all users holding USDC, USDT, ETH, or WBTC bridged from Ethereum to IoTeX at the time of the incident: users with losses of $10,000 or less can receive a full payout in one go; users with losses exceeding $10,000 will receive an immediate payout of the first $10,000, with the excess distributed over four quarters, plus an additional 10% compensation paid in IOTX staked for 12 months. The platform will open the official recovery address and Claims Portal on February 27. Users need to consolidate their affected assets, transfer them once, and submit on-chain transaction information to complete verification and payout processes.
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