IoTex Compensation Plan: The claims portal will be launched on February 27th. Users who have suffered losses of no more than $10,000 will receive immediate full compensation.

IoTex has announced a comprehensive recovery and compensation plan, promising 100% full compensation to all affected legitimate users. All compliant wallet addresses holding Ethereum-based bridge assets (USDC, USDT, ETH, WBTC) on the IoTex chain during the hack are eligible for compensation. Users with total affected assets not exceeding $10,000 will receive immediate full compensation, covering over 90% of affected users. Users with total affected assets exceeding $10,000 will receive full compensation in stages and an additional 10% reward (issued in the form of IOTX staked for 12 months). The claims portal and the deposit address for fund recovery will be announced through official channels on February 27th (Friday).