IoTeX Releases Proposal IIP-56: The Entire Network Will Discontinue CIOTX, and the Attacked Chain Will Switch to Claims to Reclaim IOTX

IOTX-2,16%
SOL-2,88%

PANews, February 27 — According to IoTeX’s announcement, due to the attack on the ioTube cross-chain bridge on February 20, which resulted in unauthorized minting of CIOTX on the Ethereum side, CIOTX will be immediately deprecated on Ethereum, Base, and Solana, and the related bridges will be permanently shut down. The attacker’s minted tokens will not be recognized. Compliant holders are required to submit transfer hashes through the claim portal; after verification, IOTX will be issued on the IoTeX chain at a 1:1 ratio. BSC, Polygon, and IoTeX were not affected by the minting incident and will reopen the bridges after auditing for users to migrate IOTX back independently, then will be permanently taken offline. Additionally, CEXs, DEXs, and DeFi platforms will be notified to delist or remove CIOTX integration.

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