IoTeX will provide 100% compensation to users affected by the hacker attack and permanently blacklist 29 attacker addresses

Jinse Finance reported that IoTeX has released an update on the progress of its security incident. The update states that the Mainnet v2.3.4 upgrade has been completed with 36 node representatives, and 29 attacker addresses have been permanently blacklisted on-chain, freezing approximately 45 million IOTX assets. These addresses will not be able to initiate any transactions in the future. According to on-chain forensic analysis, the actual economic loss from this incident is about $4.4 million. The IoTeX Foundation will provide 100% compensation to all affected users through treasury funds, and the specific compensation process and application portal will be announced later. In addition, the 48-hour bounty window set for the attackers will expire on February 25, after which comprehensive legal and technical accountability measures will be initiated.