IoTeX Reports $2M Loss From Private Key Breach, Targets 24–48 Hour Restoration

IoTeX disclosed on X that a private key compromise led to losses of approximately $2 million in USDC, USDT, IOTX and WBTC, Odaily Planet Daily reports. The team said it has contained the incident, is reinforcing security and is working with exchanges and law enforcement to freeze stolen funds. Onchain operations and deposit functions will resume within 24 to 48 hours after security upgrades are completed. The project described the breach as a sophisticated, long-planned attack by professional actors targeting multiple blockchain networks.