IoTeX proposes a 100% user compensation plan for the ioTube hack: immediate compensation for users with $10,000 or less.

PANews reported on February 26 that the IoTeX Foundation has released the latest tracking and full compensation plan regarding the ioTube cross-chain bridge security incident that occurred on February 21. The team stated that they have completed full-chain tracking of the stolen funds, with most CIOTX already frozen on-chain. The remaining assets have mainly been converted into approximately 2,183 ETH and bridged to the Bitcoin network, and the relevant BTC addresses are currently under monitoring. The Foundation promises 100% compensation to all users who held USDC, USDT, ETH, or WBTC bridged from Ethereum to IoTeX at the time of the incident: users with losses of $10,000 or less can receive full compensation in a single payment; for users with losses exceeding $10,000, the first $10,000 will be compensated immediately, and the excess portion will be distributed over four quarters, with an additional 10% compensation provided in the form of IOTX staked for 12 months. The platform will open the official recovery address and Claims Portal on February 27 (UTC+8). Users need to aggregate the affected assets and transfer them in one transaction, then submit the on-chain transaction information to complete the verification and compensation process.