IoTeX: Layer 1 has been restored and the comprehensive compensation plan will be announced within 24 hours

BlockBeats News, February 24th, according to official sources, IoTeX has released the latest security incident update stating that the L1 network resumed operation on February 23, 2026, and completed the upgrade; the new default blacklist feature can automatically filter malicious EOA addresses to enhance network security; a comprehensive compensation plan for affected bridged users will be announced within 24 hours.

Earlier reports, IoTeX stated that it had contained the impact of the security incident, with losses of approximately 2 million U.S. dollars; and offered a 10% bounty for asset recovery, stating that hackers returning the stolen assets within 48 hours would not be pursued.