IoTeX released proposal IIP-56: Abandon CIOTX across the network, switch the attacked chain to claim and exchange for IOTX
According to market news, due to the attack on the ioTube cross-chain bridge and the unauthorized minting of CIOTX on the Ethereum side, IoTeX plans to immediately discontinue CIOTX on Ethereum/Base/Solana and permanently close the related bridge, with the minted coins by the attacker not being recognized; compliant holders need to submit the transfer hash through the claims portal, and after verification, IOTX will be issued on the IoTeX chain at a 1:1 ratio.
BSC/Polygon/IoTeX were not affected by the minting, and the bridge will be reopened for users to migrate back to IOTX after an audit, and then permanently taken offline; notifications will be sent to CEX/DEX/DeFi for the complete delisting or removal of CIOTX integration.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

IoTeX Foundation: Cross-chain bridge security incident compensation application channel officially launched

Since 2026, there have been at least 15 security attack incidents in the DeFi sector, with total losses exceeding 137 million dollars

IoTeX proposes a 100% user compensation plan for the ioTube hacking incident: immediate compensation for users with amounts of $10,000 or less

Robinhood CEO's New Article: Stocks on the Blockchain Without Issuer's Consent

US Bank Demonstrates Cross-Border Payments with Its Own Stablecoin USBDC on Stellar

All Eyes on Waller: Will the G7 Rate Hike Wave Arrive Next Week During the 'Central Bank Super Week'?

Grayscale to Convert $82.3 Million Litecoin Trust into ETF

Debunking the Ethereum 'Abandoning' ETH Argument: What Does It Mean to Pay Gas Without ETH?

U.S. House Ways and Means Committee to Review Cryptocurrency Taxation and Wash Sale Regulations

From Public Value to Token: The Bridge That Must Be Built

Audited DeFi protocols lost $885M to attacks that occurred completely outside their audit scopes

Three Elon Musk Employees Plan to Build a Startup in 72 Hours Using AI!

Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath

Revolut Accelerates in Crypto: Stablecoins, Trading, and Payments at the Heart of Its Strategy

Suicidal Shorts and Nine-Digit Leverage: The Top 10 Boldest Trades in Crypto History

What does inclusive growth advocated by the BRICS mean?

Mark Karpelès on the Revolut case: they should not have sent the information

Why AI faces an immediately difficult choice: Nationalize or decentralize – AI’s 2026 slowdown dilemma

Crypto Aggressions: The Gendarmerie Details Its Strategy Against the Surge in Kidnappings

Mexico seizes 300 GPUs at suspected illicit crypto farm

Mexican Cartels Turn to Clandestine Cryptocurrency Farms to Launder Money

Martín Tobal, economist at the Bank of Mexico: "Relaxing monetary policy does not guarantee a real improvement in wages"

How Cryptocurrency Owners Lose Fortunes Due to One Mistake in the Blockchain

Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

Cryptocurrency Transparency Bill Hangs Between Deal and Failure in the U.S. Senate

$19 Billion USDT Inflow: Expansion of Illegal Guarantee Networks in Southeast Asia

Trump's Envoy, Crypto Shareholder: The Double Game of Steve Witkoff

Crypto wallet creators now have just 24 hours to alert regulators when flaws are exploited

ETF: Ether Captures $216 Million, Bitcoin Funds Decline Again









