![\"IoTeX](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDIvMDE5YzI4MGItNDU4MS03ZWE4LWE1ZDktN2Y0ZjE5MjkyMjdhLmpwZw==.jpg\")
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IoTeX said it is assessing suspicious activity tied to a token safe, coordinating with exchanges to trace funds after analysts linked the incident to a possible private key compromise.<\/p>\n
Decentralized identity protocol IoTeX has confirmed that it is investigating unusual activity tied to one of its token safes after onchain analysts flagged a possible security incident.<\/p>\n
In a Saturday post<\/a> on X, the project said its team was \u201cfully engaged, working around the clock to assess and contain the situation.\u201d IoTeX added that early estimates indicate the potential loss is lower than circulating rumors and that it has coordinated with major exchanges and security partners to trace and freeze funds linked to the attacker. <\/p>\n \u201cThe situation is under control. We will continue to monitor closely and provide timely updates to the community,\u201d the project said. <\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n