IoTeX is suspected of having its private key compromised, resulting in the theft and cross-chain transfer of approximately $4.3 million in assets.

PANews reported on February 21 that on-chain analyst Specter published an article on the X platform stating that IoTeX may have suffered a private key breach, with its token safe assets being completely transferred out by attackers, resulting in a total loss of approximately $4.3 million.

On-chain data shows that the attackers transferred multiple contract assets, including USDC, USDT, IOTX, PAYG, WBTC, and BUSD. The stolen assets were subsequently converted into ETH, with approximately 45 ETH transferred across the blockchain to the Bitcoin network. The incident is still under further investigation.

The attacker's addresses that have been disclosed so far are as follows:

• 0x6487B5006904f3Db3C4a3654409AE92b87eD442f

• 1PN2BoHU4buDQWcrNHk9T9NBA2qX8oyYEc

• 135oSa2fobTxtHtm5dwTREDyRY2o1DG1Aw