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
Circle's USYC asset management surpasses $2 billion
Gate News Announcement, March 10 — The stablecoin issuer Circle officially announced that as the application of tokenized money market funds continues to expand in the industry, the assets under management of its product USYC have surpassed $2 billion.
GateNews55m ago
Elon Musk's X Money App Nears Public Launch, No Sign of Dogecoin
Elon Musk's X Money will launch public beta in April, offering peer-to-peer transfers, direct deposits, and yield earning. Despite Musk's support for Dogecoin, the app currently has no crypto integration, though future features may include it.
Decrypt1h ago
Ripple Director Names Turkey, Nigeria and UAE as "Must-Watch" Markets - U.Today
Ripple's Reece Merrick outlined plans for the RLUSD stablecoin, targeting Turkey, Nigeria, and the UAE to enhance global expansion. These nations show significant digital dollar demand, critical for financial operations, with projections of $33 trillion in stablecoin transactions by 2025.
UToday1h ago
Justin Sun Reaffirms Zero-Tolerance Policy on Illegal Activities at Tron
TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery.
He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies
CryptoNewsFlash1h ago
Sky Protocol proposes to reduce the SKY buyback ratio from 75% to 7.5% for approximately 3 months.
Sky Protocol proposed a new plan on March 10th, aiming to reduce the SKY buyback ratio from 75% to 7.5% to strengthen the protocol's capital foundation and USDS backing. During the proposal period, SKY staking rewards remain unchanged. The USDS circulation has reached approximately $11 billion, and the Sky Savings Rate has also been lowered to 3.75%. Voting will end on March 12th.
GateNews2h ago
Virtuals platform AI agents' trading revenue exceeds $3 million
On March 10th, Virtuals announced on X that their AI agent trading revenue has surpassed $3 million, entirely provided by AI agents offering genuine services and settled on the blockchain. This verifiable on-chain economic output indicator shows a 473% increase in agent engagement, and the relevant mechanisms have been implemented for future stages.
GateNews2h ago
