PANews reported on February 21 that IoTeX issued a statement on its X platform regarding recent suspicious activity involving the IoTeX token safe. The statement said the team intervened immediately and is working around the clock to assess and control the situation. IoTeX stated that preliminary estimates indicate the potential losses are significantly lower than the figures circulating in the market. They have coordinated with several major exchanges and security partners to track and freeze the hackers' assets. The situation is currently under control, and the team will continue to closely monitor the situation and promptly update the community on the latest developments.

Previous reports indicated that IoTeX's private key had been leaked, resulting in a total loss of approximately $4.3 million.