IoTeX confirms token safe key compromise; $8.8M losses reported on Feb 21, 2026
On February 21, 2026, IoTeX disclosed that a private key tied to a token safe was compromised, enabling unauthorized asset transfers. On-chain data indicates roughly $8.8 million drained across multiple tokens, with funds moved into ETH and partially bridged to Bitcoin. IoTeX said preliminary assessments suggest the actual loss could be significantly lower than rumors.