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IoTeX Official Group. https://iotex.io

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IoTeX Official Group

For price and market discussion kindly join Traders group.. Thanks
/channel/IoTeXTrader

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IoTeX Official Group

Yes, of all the projects I've participated in, none of them were as transparent and quick to find the root cause of the problem! If you want, I can cite several cryptocurrency projects where many developers and CEOs didn't bother to be transparent with their community!

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IoTeX Official Group

Thanks for the support.

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IoTeX Official Group

When will the upgrade take place?

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IoTeX Official Group

IoTeX Mainnet v2.3.4 Upgrade Notice
The IoTeX mainnet will undergo an upgrade to version v2.3.4.

Important: All nodes are strongly recommended to upgrade to this release, to improve network security.

Note:
The mainnet config now includes a default blacklist for enhanced security. You only need to restart your node with the new v2.3.4 image.

Key Features and Enhancements:
v2.3.4 introduces a default blacklist configuration to improve network security. This blacklist contains a list of malicious or problematic EOA (Externally Owned Account) addresses that will be filtered by the node.

More details:

https://x.com/raullen/status/2025968468055687437?s=46

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IoTeX Official Group

Team is already in contact with all exchanges.

IoTeX won’t be delisted. It’s only for security reasons, and everything will be resolved once the update is completed.

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IoTeX Official Group

IoTeX Bridge Hacked: Losses Estimated $2M+

@iotex_io has confirmed a exploit targeting its cross-chain bridge. According to the team, the confirmed losses amount to approximately $2M in $USDC, $USDT, $IOTX, and WBTC – with some estimates suggesting the total damage could reach up to $8M.

$IOTX dropped 23% to $0.0043 following the hack, with South Korean exchanges Upbit and Bithumb adding the token to their delisting watchlists.

The team describes it as a sophisticated, long-planned attack carried out by professional actors and targeting multiple chains simultaneously.

The situation has been contained and IoTeX is actively working with exchanges and law enforcement to freeze and recover stolen funds. Chain operations and deposits are expected to resume within 24–48 hours once security upgrades are finalized.

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IoTeX Official Group

thats a scammer. We have been instructed to not dm at all

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IoTeX Official Group

team doing all best to trace and recover all funds still in progress.

regarding foundation reserve asset it will give us more clear details in the upcoming AMA..lets join

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IoTeX Official Group

liquidity is provided by the foundation. Users who were stuck during the txsn will be compensated

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IoTeX Official Group

the assets were a part of the iotube service. Ethereum side only. Bsc, Base are unaffected. That's it

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IoTeX Official Group

Yeah but the stolen assets where iotex assets ,then that could cause a bankrupt? Maybe i Am not understanding

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IoTeX Official Group

have you read the latest update? That has a lot more details

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IoTeX Official Group

so the team had $4M in the token safe and $2M were stolen? Could IoTeX go bankrupt because of the $2M hack?

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IoTeX Official Group

Please leave the data so that the Korean investor can understand that you are communicating with the exchange

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IoTeX Official Group

Thank you, you don't need to show me. I just open the Binance app, type IOTX/USDT, and look at the chart. I see the transparency there.

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IoTeX Official Group

very proactive team ???? 😀😀

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IoTeX Official Group

Upgrade is already ongoing

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IoTeX Official Group

Congratulations, very proactive team!

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IoTeX Official Group

The update here about delisting is false.

Please stay tuned for updates from the official account.

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IoTeX Official Group

https://x.com/i/status/2025877229662556528

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IoTeX Official Group

⚠️ Important Notice: ⚠️

No Support via DMs: Admins, moderators, and team members will NEVER provide support through Telegram DMs.

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IoTeX Official Group

@anwar139 did you DM me this morning? There's a scammer with your exact username and profile pic in this group if not

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IoTeX Official Group

Part B: Bridge Reserves (approximately 2,183 ETH)
Does this represent a loss of only Foundation assets? What are the future implications of the Foundation loss?

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IoTeX Official Group

So, if tokens are stolen from the bridge, they belong to the users who provided liquidity, right?

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IoTeX Official Group

it will not. Read the remedial steps too. There will be a white hat bounty program to further improve

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IoTeX Official Group

emphasis: the exploit happened in iotube only

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IoTeX Official Group

thanks for this question i think we can hear more clear answer in the upcoming AMA related the hack and the asset lost

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IoTeX Official Group

its the team communicate to all CEX so its a team duty to secure that one..as long you already inform that to us then please trust us to do our job in any internal conversation

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IoTeX Official Group

It has nothing to do with the team's decision to abolish it

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