Odaily Planet Daily reports that IoTeX has announced a comprehensive recovery and compensation plan. They pledge to provide 100% full compensation to all legitimate affected users. Any compliant wallet address holding bridged assets from Ethereum (USDC, USDT, ETH, WBTC) on the IoTeX chain during the hacking incident qualifies for compensation. Users with affected assets totaling no more than $10,000 will receive immediate full compensation, covering over 90% of affected users. Users with affected assets exceeding $10,000 will be compensated in phases and receive an additional 10% reward (distributed as staked IOTX for 12 months). The claim portal and fund recovery deposit addresses will be announced through official channels on February 27 (Friday).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Morgan Stanley 'Absolutely' Plans to Offer Bitcoin Custody, Trading, Yield and Lending: Exec
In brief
Morgan Stanley plans to build proprietary Bitcoin custody and trading services for clients.
Yield and lending services are also under exploration as part of the crypto roadmap.
The bank recently filed to launch Bitcoin, Ethereum, and Solana funds.
Wall Street giant Morgan Stanle
Decrypt16m ago
IOTA Launches Sustainability Page Highlighting Energy Efficiency and MiCA Metrics
IOTA launched a sustainability page that shows network energy use emissions and MiCA indicator data.
The page shows electricity consumed totaling 387,377.16 kWh and 100,404 kg of CO₂ emissions.
The IOTA Foundation has launched a new Sustainability page that compiles environmental footprint i
CryptoNewsFlash2h ago
Data Index Innovation: "The Graph," Achievements and Future Strategic Analysis
Messari Research Report indicates that the number of active subgraphs on The Graph has reached a new high, with developer engagement remaining consistently active. Layer 2 networks have experienced significant growth, with Base chain leading in query volume. Staking activity has increased for the first time, and substream yields have surged. The Graph is driving transformation through the launch of Graph Horizon, strengthening its position as a data service protocol and laying the foundation for long-term growth.
TechubNews4h ago
The prediction market is entering an accelerated phase, and Infinite Galaxy Protocol is about to launch the USDT flexible wealth management upgrade.
Prediction markets are rapidly developing, with trading volumes significantly increasing, and user demand for "probability pricing" continues to rise. Infinite Galaxy Protocol (IGP) plans to upgrade the USDT Flexible Yield Vault in March, combining AI-driven predictions with liquidity management to offer more flexible participation options and reduce risks. This move aims to promote dynamic synergy between prediction markets and liquidity, improve capital utilization efficiency, and signal DeFi's move toward a more structured future.
TechubNews5h ago
Circle Earnings Surge as Allaire Ties AI to Stablecoins
Circle's quarterly earnings surpassed expectations, highlighting strong growth in USDC supply and onchain activity. CEO Jeremy Allaire emphasized the convergence of AI, blockchain, and stablecoins for future economic participation, leading to a 35% stock surge.
CryptoFrontNews6h ago
