The post IoTeX flags private key exploit as funds are frozen appeared on BitcoinEthereumNews.com.

IoTeX breach caused by private-key compromise of TokenSafe and MinterPool IoTeX reported suspicious activity in its token vault and began tracking and freezing hacker-linked assets. Early indicators point to a private-key compromise targeting the TokenSafe and MinterPool bridge contracts. As reported by The Block, the breach stemmed from a compromised private key controlling TokenSafe and MinterPool, enabling unauthorized asset movements. The team coordinated with centralized exchanges, paused chain activity for security work, and prepared contract upgrades to restrict minting pathways. Security partners and on-chain analysts began tracing flows across tokens and chains. Some funds were swapped and bridged quickly, complicating freezes at decentralized venues. Why the exploit matters for users, exchanges, and bridges The incident highlights single-key risk in cross-chain infrastructure and the limits of freezing in non-custodial environments. According to PeckShield, the private-key exploit was confirmed and attacker addresses associated with the impacted contracts were mapped. “Actual losses are significantly lower … around $2 million,” said Raullen Chai, IoTeX co‑founder and CEO, adding that the team is tracing stolen funds and coordinating freezes. BingX: a trusted exchange delivering real advantages for traders at every level. As reported by Cointelegraph, an on-chain specialist estimated about $4.3 million drained across USDC, USDT, IOTX, WBTC, PAXG, and BUSD, while roughly 111 million CIOTX and 9.3 million CCS were minted, pushing some headlines toward $8.8 million. The spread between figures reflects whether freshly minted or deprecated representations are counted as realizable losses. Economic impact may be closer to the lower end if such tokens lack market value or remain frozen. IoTeX’s asset tracking and freezing focuses on exchange cooperation and address blocking at custodial endpoints. Assets that stay in decentralized wallets or route through DEX liquidity are harder to freeze, which is typical in cross-chain incidents. At the time of this writing, IOTX…

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Filed under: News - @ February 22, 2026 3:25 pm